Mayor Gavin Newsom has raked in more than $1 million for his campaign for lieutenant governor, making him the financial leader in the race — while his opponent remains in the red.
According to campaign reports, Newsom raised $345,654 in the most recent reporting period, between May 23 and June 30. In total, he has raised $1.4 million with $494,928 in cash on hand, according to his campaign.
His Republican opponent, Abel Maldonado, raised $126,857 between May 23 and June 30, bringing his total campaign contributions to $619,754, according to finance records.
But Maldonado is carrying an outstanding debt of more than $200,000, most of which his campaign says has been paid off since the last reporting period ended.
The campaign has roughly $20,000 left in debt, said Brandon Gesicki, Maldonado’s spokesman.
“In a couple more days it will completely be gone,” he said, adding that the competitive primary race is what put them in the red.
Once that debt is paid off, Gesicki says the campaign will aggressively raise funds to “catch up” with Newsom.