Capitol Alert

Neel Kashkari reports less than $700,000 on hand

Republican gubernatorial candidate Neel Kashkari has less than $700,000 on hand for the final month of the campaign, as he continues to struggle raising money, according to a campaign finance report filed Monday.

Kashkari, a former U.S. Treasury Department official, reported $679,719 in cash on hand and $142,853 in outstanding debts. He raised about $1.1 million from July through the end of September.

Kashkari has been dwarfed in fundraising by Gov. Jerry Brown, who reported earlier Monday that he is holding about $23.6 million.

Brown has barely campaigned for re-election, while Kashkari, who is far behind in public opinion polls, spent $567,780 from July through September. That amount, while small, is far more than Brown reported spending in the same period.

Kashkari’s meager fundraising will make it difficult, if not impossible, for him to mount a TV advertising campaign ahead of Election Day.

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