In an uphill slog to unseat Democratic Gov. Jerry Brown, Republican Neel Kashkari had $198,000 in the bank and about $164,000 in debt as of June 30, according to his latest financial report filed Thursday.
Kashkari' campaign noted that he raised an additional $436,000 from July 1 though Thursday.
Kashkari, who spent $4.36 million since the start of the year, has struggled to narrow the gap with the third-term governor in opinion polls and campaign contributions. Last week, Brown reported $22.4 million on hand through the end of June.
Brown raised $5.7 million during the first half of the year but spent less than $270,000 in the primary election. He raised another $219,000 in July.
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Kashkari, who contributed more than $2 million of his own money, was locked in a close contest with GOP Assemblyman Tim Donnelly.
A former investment banker and U.S. Treasury Department official, Kashkari reported raising the general election maximum of $27,200 from Republican benefactor and Stanford physicist Charles T. Munger, Jr. and housing mogul General William Lyon.
He received $10,000 from Style 2020 chief executive Kathryn Moore of Newport Beach and $2,000 from La Jolla investor R.B. “Buzz” Woolley Jr.