Padilla has big financial edge in secretary of state’s race
08/01/2014 1:52 PM
08/01/2014 1:53 PM
State Sen. Alex Padilla, D-Los Angeles, had a 17-to-1 cash-on-hand advantage at the end of June over educator and institute director Pete Peterson, Padilla’s Republican opponent in the race to succeed termed-out Secretary of State Debra Bowen.
Padilla and Peterson finished atop an eight-person field in the June 3 primary election. Taking third place was state Sen. Leland Yee, D-San Francisco, who had been viewed as Padilla’s main Democratic rival before his arrest in late March on corruption and gun-running charges and his subsequent withdrawal from the campaign.
Padilla raised $425,692 from May 18 through June and spent almost $364,000, with $383,612 cash on hand and $28,000 in debt, his campaign filing shows. Padilla will have to put his fundraising on hold during August, when state senators are covered by a fundraising ban during the end of session.
Padilla’s top expense during the filing period was TV and cable airtime, with $144,000 spent on ads during the filing period. Overall, his campaign spent $764,000 on TV ads, records show.
Peterson raised $48,758, spent $26,655 and had almost $22,000 cash on hand at the end of June, his filing shows, with campaign had debts totalling $85,203. His top campaign expense was consultants, with $110,000 spent.
Capitol Alert staff
Join the Discussion
The Sacramento Bee is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.