That dull thud you heard echoing across the 17th Congressional District recently was the sound of Rep. Mike Honda’s campaign dropping a massive $651,000 in October’s first half, according to a report filed Thursday with the Federal Election Commission.
Ro Khanna, Honda’s Democratic challenger, spent only about $168,000 during the same time, his report shows – and his campaign is now on the financial ropes.
Recent polls have shown a close race between the seven-term incumbent Honda, D-San Jose, and Khanna, and each have tried to maximize their impact since vote-by-mail ballots went out Oct. 6.
Honda’s report shows his campaign – which started the month with about $1 million in the bank – raised another $106,000 from Oct. 1 to Oct. 15, leaving him about $420,000 cash on hand but just short of $10,000 in debt at the close of that period.
The lion’s share of the spending went to the Washington, D.C. media and strategic communications firm of Adelstein Liston: $370,960 for a digital media buy and another $66,926 for “media services.” Next came the San Francisco-based Terris, Barnes & Walters campaign firm: $107,348 for direct mail, and $25,000 for campaign consulting.
Khanna – who started this race with far more money but spent most of it before June’s primary, in which he finished 20 points behind Honda – had about $218,000 cash on hand at the start of this month but about $141,000 in debt.
His new report shows he raised about $97,000 but spent about $168,000 from Oct. 1 to Oct. 15, leaving him with $148,000 cash on hand but $141,000 in debt – so, about $7,000 in unencumbered money.
Most of Khanna’s October spending – almost $111,000 – went to Chicago-based AKPD Message & Media (run by Obama campaign paid-media mogul Larry Grisolano) for direct mail.
I don’t yet see a pre-general report for Californians for Innovation, the independent super PAC formed this summer to support Khanna’s campaign and bankrolled in large part ($250,000 that we know so far) by Texas energy hedge fund billionaire John Arnold. When I do, I’ll update this post accordingly.
UPDATE @ 10:20 A.M. FRIDAY: (Sorry this is late, but I made an executive decision to take last night off.) Californians for Innovation’s report shows it raised $90,000 and spent $233,000 in the first half of October, leaving it with about $175,000 cash on hand and $30,000 in debt as of Oct. 15. Other FEC filings show it has spent about $58,000 more since mid-month.
Its contributors in the month’s first half were:
Arthur Patterson of Accel Partners (Palo Alto) – $10,000
Venkatesh Harinarayan of Cambrian Ventures (Mountain View) – $25,000
Anand Rajaraman of Cambiran Ventures (Mountain View) – $25,000
Rajeev Madhavan of Magma Design Automation (San Jose) – $5,000
OO Investment LLC (San Francisco) – $25,000
I initially can’t find much about OO Investment, but I’ll pursue it.
Most of the spending – about $214,000 – went to Mailrite Print & Mail Inc. of Sacramento for direct mail. The $30,000 debt is owed to veteran Democratic political consultant Roger Salazar of Sacramento, for campaign consulting services.