CA-GOV: Brown Leads Money Race

Attorney General Jerry Brown has the most amount of cash on hand of all contenders for the 2010 election for California Governor, according to reports filed with Secretary of State.

The top fundraiser overall among likely candidates for governor was Attorney General Jerry Brown, a Democrat who collected $3.4 million. He was followed by fellow Democrats Gavin Newsom, the San Francisco mayor, who raised nearly $1.2 million; and Lt. Gov. John Garamendi, who reaped about $1.1 million.

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Of the five contenders, only Garamendi has filed the official paperwork to run for governor. Poizner, Campbell and Newsom have formed exploratory committees.

Others have talked about running but either haven't filed the necessary paperwork — such as former eBay Chief Executive Meg Whitman, a Republican — or haven't raised much money, including state Superintendent of Public Instruction Jack O'Connell, a Democrat. Or, they've done neither, such as Los Angeles Mayor Antonio Villaraigosa, a Democrat running for re-election to his current job.

Among the announced Republicans, State Insurance Commissioner Steve Poizner has self-funded his campaign to the tune of nearly half a million dollars while former U.S. Representative Tom Campbell raised just over $200,000 in 2008. As for cash on hand as of January 1, 2009:

Brown has amassed a total of $4.1 million in his account, including the $3.4 raised last year, but reported spending only $173,000 in 2008. Newsom spent $641,000 last year and has nearly $719,000 in cash on hand. Garamendi spent nearly $557,000 and has $756,000 left. None of the three loaned their campaigns any money.

Campbell used up more than $40,000 last year and had a cash balance on Dec. 31 of about $173,000. Poizner, who leads the Republican field in endorsements, gave himself $460,000 in cash as well as a loan for $100,000; he spent nearly $592,000 and kept $739,165 in the bank.

Mad Professah is an elected member of the California Democratic Party State Central Committee and will be voting to choose the party's nominee for Governor in 2010.

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