Funds point to another run for state’s speaker

By Patsy R. Brumfield / NEMS Daily Journal

JACKSON – Rep. Billy McCoy of Rienzi has yet to say if he’ll seek re-election to the House or for speaker, but his 2010 year-end campaign finance report may reflect a plan to do both.
McCoy reports he has $65,961 cash on hand after raising $75,500 this year. He also spent $48,951 from the campaign account.
Although McCoy hasn’t made public statements about his election plans, businesses and business political action committees dominate his receipt reports, required for contributions of more than $200.
Mississippi holds statewide elections in 2011, from governor and legislators to county supervisors and constables.
Officeholders and candidates are required to file an annual report by Jan. 31, reflecting contributions and expenditures from Jan. 1 through Dec. 31 of the previous year.
McCoy’s cash comes up a bit short of fellow Democratic Rep. Bobby Moak of Bogue Chitto, widely considered a rival for the speaker’s job.
Moak’s new report shows he controls three PACs totaling $188,524.
Speaker candidates often raise much more than they need to win their local re-elections and curry favor of other House members by contributing to their campaigns.