Robert Abboud, Democratic Party challenger in the 16th congressional district, is reporting having only $13,594 left in his campaign bank account.

Republican incumbent Don Manzullo had $533,803 left on September 30th.

Whether Abboud will be able to put huge chunks of family money in the campaign remains to be seen.

For his election campaign, Abboud has raised $347,600 compared to incumbent Don Manzullo’s $1.3 million.

Abboud reports having spent $402,801 less than half of Manzullo’s $875,683.

The only political action committee to contribute to Abboud was Arab American Leadership PAC. It gave $1,000.

$410,288 was received by Manzullo, but that amounted to less than half of what he received from individual contributors.

Abboud’s committee reports being in debt $104,857. $68,795 is guaranteed by candidate Abboud, the report says.

Collateral being used to secure a $100,000 loan from Fox River Grove LP
is “real estate located at 13 Country Oaks Lane, Barrington Hills IL – candidate’s personal residence,” according to the filing. The interest rate on the August 12th loan is 7%.

Abboud values his home at $1 million. The property is assessed at $233,896. Under Illinois law, property is supposed to be assessed at one-third of a three-year running average.

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Democratic Party candidate Robert Abboud is seen on the left appearing on WIFR-TV debate, Congressman Don Manzullo is on the right. Not seen, although participating was Green Party candidate Scott Summers.