State Victory Action, a 527 political organization which has been funded primarily by billionaire activists George Soros and Tom Steyer, made a $500,000 donation to a group in Colorado supporting Rep. Jared Polis, the Democratic nominee for governor.
The 527, which was formed this past February, made the donation to Good Jobs Colorado, an independent expenditure committee registered in the state. As an independent expenditure committee, Good Jobs Colorado can spend an unlimited amount to promote their message, provided they do not coordinate with the candidate they are supporting.
Good Jobs Colorado is also funded by other political groups such as the Democratic Governor's Association and left-wing organizations such as the Sixteen Thirty Fund, which Politico recently calleda "liberal secret-money network."
Money has already been an issue in Colorado this year as the governor's race is on pace to be the most expensive campaign of its kind in the state, with much of that due to Polis self-funding his campaign. Polis is a multi-millionaire who has long been listed as one of the 10 wealthiest members of Congress, and according to recent data from the Colorado secretary of state's website, has donated $18.5 million to his campaign thus far.
By self-funding his own campaign committee, Polis has claimed that allows him to be free of influence from outside interests.
Previously: