Friday, December 19, 2014
YOLO COUNTY NEWS
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Kashkari’s campaign coffers depleted

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From page A2 | August 01, 2014 |

SACRAMENTO (AP) — Republican candidate for governor Neel Kashkari reported Thursday that he spent $4.4 million on his primary race to defeat a tea party candidate for second place, and is starting the fall campaign with less than $200,000 in his campaign account.

That’s less than 1 percent of the more than $22 million that Gov. Jerry Brown has in his bankroll. The Democratic governor filed his report last week showing he spent just $270,000 in the June primary election.

The report Kashkari filed with the secretary of state showed he raised less than $400,000 in the final weeks before the June primary election, while spending nearly $1.7 million.

His campaign said he has raised $558,000 since winning the chance to challenge Brown in the November election.

Kashkari, a millionaire former U.S. Treasury official who gave his campaign more than $2 million, filed his report the same day that he said he spent a week living as a homeless person in Fresno. He said he took a bus from Los Angeles to Fresno with $40 in his pocket to show that Brown is wrong when he says the state is recovering from the national recession.

Meanwhile, fellow Republican Tim Donnelly, who came in third in the primary, ended his campaign about $76,000 in debt after spending more than $700,000.

Donnelly, a state assemblyman from San Bernardino County, raised about $590,000 this year. He reported about $5,000 left in his campaign account, but that doesn’t count debt including a $1,000 loan from a committee controlled by state Sen. Joel Anderson, a Republican from San Diego County.

Donnelly said his campaign owed about $150,000 but cut the debt in half in the final weeks of the campaign. He’s renegotiating other obligations and intends to eventually pay all his creditors, he said.

“How much cash we have or don’t have is not as interesting as I wish we had more votes,” Donnelly said. “That’s the only thing that mattered.”

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