© 2022 MICHIGAN RADIO
91.7 Ann Arbor/Detroit 104.1 Grand Rapids 91.3 Port Huron 89.7 Lansing 91.1 Flint
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations
Politics & Government

Governor Snyder pays himself back

Rick_Snyder_at_NAIAS_2012_0.jpg
Rick Pluta
/
Michigan Radio

An end-of-the-year campaign finance statement shows Governor Rick Snyder took more than $800,000 from his campaign account last year. He used the money to partially repay himself for cash he lent the campaign while running for office.

Governor Snyder worked for just one dollar last year. But he did take $825,000 from his campaign account to partially pay himself back for $6 million in loans from his personal fortune to his campaign. Seven payments last year were a start toward reimbursing the retired tech executive and venture capitalist.

The numbers are unusually large, but it is a common practice for politicians to lend their campaigns money and then re-pay themselves after the election.

The Snyder campaign money came primarily from individual contributions of up to $3,400. The governor does not accept PAC donations.

At the December 31st book-closing, the Rick Snyder for Michigan Fund had $534,000.

The governor has indicated he intends to seek reelection in 2014.