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CA17: FEC reports reveal final spending frenzy

New Federal Election Commission reports shed new light on the frenzy of spending that occurred in the final weeks of the 17th Congressional District showdown between Rep. Mike Honda and Democratic challenger Ro Khanna, which Khanna lost by 3.6 percentage points.

Perhaps most illuminating is the report filed by Californians for Innovation, a super PAC formed by Khanna backers to raise and spend money independently in support of his campaign.

Californians for Innovation reported raising $310,000 and spending $484,692 from Oct. 16 through Nov. 24, leaving $14,930 cash on hand and no debt at the end of that time. In all, the super PAC raised $790,000 and spent $805,070 this year to support Khanna.

Notable donations during the final weeks included another $100,000 from Texas energy hedge fund billionaire John Arnold, bringing his and his wife’s total contributions to $350,000 – far and away the super PAC’s biggest benefactors.

The next-biggest contribution after mid-October was $70,000 from billionaire venture capitalist Vinod Khosla of Portola Valley. Other notable contributions included $25,000 from Ashok Krishnamurthi, vice chairman and co-founder of San Jose’s Xsigo Systems; and $25,000 from Anil Godhwani, CEO and co-founder at Milpitas’ Habitera Inc. (bringing Godhwani’s total contributions to $45,000).

And another $15,000 came in from San Francisco-based OO Investment LLC, bringing that shadowy entity’s total ante to $40,000. Corporate records reveal nothing about OO Investment’s partners or activities, and the lawyer designated as its agent has not answered repeated queries.

The super PAC’s money paid for radio ads and mailers on Khanna’s behalf as his own campaign – once far more well-funded than Honda’s – ran dry in the contest’s final weeks.

Khanna’s campaign raised $172,368 and spent $314,598 from Oct. 16 through Nov. 24, leaving $5,134 cash on hand but $114,415 in debts at the end of that period. Over the entire course of the campaign, Khanna raised $4,597,033 and spent $4,460,621.

Honda’s campaign raised $317,663 and spent $710,226 from Oct. 16 through Nov. 24, leaving $27,732 cash on hand and no debt at the end of that period. Over the entire course of the campaign, Honda raised $3,244,647 and spent $3,202,356.

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CA17: FEC reports show Ro Khanna running low

Rep. Mike Honda still had almost $1 million banked for his re-election campaign at the end of September, while Democratic challenger Ro Khanna was almost out of money, new Federal Election Commission reports show.

Honda, D-San Jose, reported raising $412,167.16 and spending $450,861.74 in this year’s third quarter, and had $964,638.14 cash on hand as of Sept. 30 with no outstanding debt.

Khanna, a former Obama administration official from Fremont, reported raising $323,291.72 and spending $972,139.27; he had $218,106.35 cash on hand as of Sept. 30, but with $140,980.31 in outstanding debt.

This is a tremendous turnaround from the campaign’s early days. Khanna had entered this race with a huge bankroll because he’d raised a record-setting $1.2 million in the final quarter of 2011, when people thought he would run to succeed Rep. Pete Stark in the 15th District. When Stark didn’t retire, Khanna pivoted instead to this 17th District race, and outraised Honda for the rest of 2013.

But Honda has outraised Khanna in the first three quarters of 2014, while Khanna spent most of his campaign’s fortune before the primary – in which he finished 20 points behind Honda.

Honda’s campaign said the new report shows Khanna’s campaign lacks enough money to meet its payroll and rent.

“With less than 20 days to go until Election Day, Ro Khanna is 15 points down and in the position of deciding whether to spend his little remaining cash on his large staff or on continued attacks on Congressman Honda,” Honda campaign manager Doug Greven said in a news release Thursday. “Our campaign has nearly $1 million in cash, $900,000 more than Khanna, and we are just now starting to spend the majority of our resources when voters are paying the most attention to the election.”

Honda’s internal poll showed him 15 points ahead; Khanna’s poll showed a dead heat, and spokesman Tyler Law said that’s helping raise new money.

“The fact that the race is now a dead heat is also helping our final push to Election Day, both in terms of grassroots enthusiasm and financing,” Law said Thursday morning. “In fact, in the three days since we released our poll, we’ve raised nearly $55,000. We expect that kind of support will continue in the final weeks of this race.

Law noted 70 percent of Khanna’s third-quarter contributions came from Northern California, while only 41 percent of Honda’s did.

“With recent polls confirming this race is wide-open and the momentum is on our side, it’s clear that our early investments in an aggressive mail program and focus on building a state-of-the-art grassroots organization are paying dividends,” Law added. “As we’ve said all along, our team will have the resources needed to win in November. Just as importantly, we did it without taking a single dollar from PACs or lobbyists and have raised the vast majority from right here in the Bay Area — a stark contrast from our special-interest and Washington-funded opponent.”

But Khanna is getting external help. Californians for Innovation – a Super PAC formed in August by Khanna supporter Ash Chopra of Menlo Park, a financial advisor with Merrill Lynch – has reported spending $211,036.36 on the race this month forvoter data, mailers and postage.

Honda launched his first TV ad of the year on Sept. 29, and has had some help from the California Democratic Party to keep it on the air. Khanna, who aired a few ads before the primary, seems to be concentrating more on direct mail for his general-election advertising push.

UPDATE @ 4:58 P.M.: Click here to read the more complete story, including who’s bankrolling the pro-Khanna Super PAC.

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No love for GOP in statewide race finance reports

Republicans are taking a drubbing in trying to raise money for California’s statewide elections, according to campaign finance reports that were due Monday.

Monday was the deadline to file reports for Jan. 1 through March 17, and there wasn’t much good news for the GOP. That might not be surprising, after state GOP Chairman Jim Brulte said recently that statewide races won’t be a priority for his party this year, given that only a few are even competitive (and he wouldn’t say which ones).

Even gubernatorial contender Neel Kashkari seems to have ended his honeymoon with contributors early. Though he said in February that he had raised $976,000 in his campaign’s first two weeks, the report he filed Monday indicated he has raised only about $1.34 million total so far – a signficant slowdown after that first burst, and a pittance next to incumbent Gov. Jerry Brown’s $19.7 million war chest.

So, here’s a sampling of how it’s shaking out as of now; all figures below are as of March 17, and I’ll be updating as reports come in.

Governor
Jerry Brown (D)(i) – $19,747,924 cash on hand; $0 debt
Neel Kashkari (R) – $903,478 cash on hand; $93,807 debt
Laguna Hills Mayor Andrew Blount (R) – $8,184 cash on hand; $19,832 debt
Assemblyman Tim Donnelly (R) – $10,766 cash on hand; $149,068 debt

Lt. Governor
Gavin Newsom (D)(i) – $1,915,093 cash on hand; $30,315 debt
Ron Nehring (R) –
George Yang (R) –

Attorney General
Kamala Harris (D)(i) – $3,164,966 cash on hand; $5,044 debt
Ronald Gold (R) –
John Haggerty (R) –
David King (R) –
Phil Wyman (R) –

Secretary of State
state Sen. Alex Padilla (D) – $614,426 cash on hand; $73,900 debt
state Sen. Leland Yee (D) – $134,556 cash on hand; $48,088 debt
Derek Cressman (D) – $77,317 cash on hand; $192,781 debt
Pete Peterson (R) – $1,638 cash on hand; $84,913 debt
Dan Schnur (NPP) – $260,441 cash on hand; $64,390 debt

Controller
Assembly Speaker John Perez (D) – $1,792,681 cash on hand; $6,089 debt
Brd of Equalization member Betty Yee (D) – $100,530 cash on hand; $35,672 debt
David Evans (R) –
Fresno Mayor Ashley Swearengin (R) –

Treasurer
Controller John Chiang (D) – $2,037,770 cash on hand; $376 debt
Greg Conlon (R) –

Insurance Commissioner
Dave Jones (D)(i) – $1,578,714 cash on hand; $1,777 debt
State Sen. Ted Gaines (R) – $32,000 cash on hand; $12,451 debt

Superintendent of Public Instruction
Tom Torlakson (i) – $581,588 cash on hand; $4,624 debt
Marshall Tuck – $454,600 cash on hand; $65,668 debt
Lydia Gutierrez – $6,163 cash on hand; $21,865 debt

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Money matchups: AD15, AD16, AD25 & more

We’re hard at work crunching campaign finance reports today, and while we’ve featured a few in the story for tomorrow’s print editions, here are a few other notable Bay Area races to watch.

15TH ASSEMBLY DISTRICT

  • Democrat Elizabeth Echols of Oakland, former regional administrator for the Small Business Administration, raised $120,102 – including a $15,000 loan from her own pocket – and spent $70,192 in 2013’s latter half; her campaign had $120,136 cash on and $23,439 in debts at year’s end.
  • Democrat Sam Kang of Emeryville, general counsel for an economic justice advocacy group, raised $83,070 and spent $38,714, leaving him with $112,453 cash on hand with $2,936 in debts.
  • Democrat Andy Katz of Berkeley, president of the East Bay Municipal Utilities District’s board, raised $47,287 and spent $30,107, leaving $66,164 cash on hand with $7,250 in debts.
  • Democrat Tony Thurmond, a former Richmond councilman and former West Contra Costa County School Board member, raised $62,728 and spent $47,569, winding up with $55,767 cash on hand and $13,213 in debts.
  • Democrat Cecilia Valdez, a San Pablo councilwoman, hasn’t filed a report yet.
  • Republican Richard Kinney, a San Pablo councilman, hasn’t filed a report yet.
  • 16th ASSEMBLY DISTRICT:

  • Orinda Councilman Steve Glazer, a Democrat who was political adviser to Brown’s 2010 campaign, raised $111,718 and spent $20,987 in 2013’s second half, finishing the year with $329,074 cash on hand and $705 in debts.
  • Dublin Mayor Tim Sbranti, a Democrat, raised $105,590 in 2013’s second half while spending $118,381; his campaign had $94,203 cash on hand as of Dec. 31, with $16,022 in debts.
  • Attorney Catharine Baker, a Republican from Dublin, raised $123,920 in 2013’s second half – including $4,100 from her own pocket – while spending $18,436; her campaign had $109,989 cash on hand as of Dec. 31 with $4,505 in debts.
  • Danville Vice Mayor Newell Arnerich, a Democrat, hasn’t filed his report yet.
  • 25th ASSEMBLY DISTRICT:

  • San Jose City Councilman Kansen Chu, a Democrat, raised $66,015 and spent $22,153 in the second half of 2013; he had $201,695 cash on hand as of Dec. 31 with $1,843 in debts.
  • Milpitas Councilman Armando Gomez, a Democrat, raisd $168,499 and spent $22,168 in 2013’s second half; his campaign had $155,431 cash on hand and no debt at the year’s end.
  • Former Fremont Police Chief Craig Steckler, a Democrat, raised $111,167 in the second half of 2013 while spending $7,999; his campaign had $104,289 cash on hand as of Dec. 31, with $9,717 in debts.
  • Ohlone College Board of Trustees member Teresa Cox, a Democrat, raised $90,772 and spent $32,389 in 2013’s second half; her campaign had $93,295 cash on hand but $80,668 in debts as of Dec. 31.
  • California Superintendent of Public Instruction Tom Torlakson, seeking re-election to a second four-year term in the nonpartisan post, raised $592,775 in 2013’s second half while spending $210,999. The Pittsburg Democrat’s campaign had $556,561 cash on hand as of Dec. 31 with $53,814 in outstanding debts.

    But a Democratic challenger from Southern California hit the ground running with an impressive haul. Marshall Tuck, founding CEO of the Partnership for Los Angeles Schools, raised $532,175 in 2013’s second half while spending $168,901; his campaign had $399,685 cash on hand as of Dec. 31, with $36,397 in outstanding debts.

    Lydia Gutierrez, an independent teacher from San Pedro who also sought this office in 2010, hasn’t filed a report yet.

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    Feinstein’s foe is in the red, FEC report shows

    No surprise, but U.S. Sen. Dianne Feinstein once again has far outstripped her opponent in campaign fundraising, according to reports filed yesterday with the Federal Election Commission for July 1 through Sept. 30.

    Feinstein, D-Calif., raised $924,768 and spent $494,884 in the third quarter of 2012, and had $3,328,842 cash on hand as of Sept. 30 with $331,924 in outstanding debts and obligations, leaving $2,996,919 unencumbered.

    Republican challenger Elizabeth Emken of Danville raised $324,259 and spent $250,546 during the third quarter, and had $99,423 cash on hand as of Sept. 30 – but she also had $309,579 in outstanding debts and obligations, potentially leaving her in the red if she can’t raise a lot in these final weeks. Unless I’m reading it wrong, that outstanding debt does not include the $200,000 she personally loaned her own campaign earlier this year, because the campaign already has repaid her.

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    3rd quarter fundraising reports for House races

    Yesterday was the deadline for House candidates to file campaign finance reports with the Federal Election Commission for the third quarter of 2012, July 1 through Sept. 30. Here’s what’s happening in some of Northern California’s more interesting races:

    3rd Congressional District
    Rep. John Garamendi, D-Fairfield, raised $448,758 and spent $518,327 during 2012’s third quarter, and had $162,452 cash on hand as of Sept. 30 with $93,947 in outstanding debts and obligations, leaving $68,505 unencumbered. Republican challenger Kim Vann of Arbuckle raised $410,369 and spent $491,005 in the third quarter, and had $156,862 cash on hand as of Sept. 30 with $52,514 in outstanding debts and obligations, leaving $104,347 unencumbered.

    7th Congressional District
    Rep. Dan Lungren, R-Gold River, raised $507,383 and spent $436,323 during the third quarter, and had $1,229,226 cash on hand as of Sept. 30 with $23,743 in outstanding debts and obligations, leaving $1,205,483 unencumbered. Democratic challenger Ami Bera of Elk Grove raised $731,002 and spent $1,665,117 during the third quarter, and had $402,609 cash on hand as of Sept. 30 with $256,454 in outstanding debts and obligations, leaving $146,155 unencumbered. So while Bera outspent Lungren by almost four-to-one in July through September, Lungren had eight times as much money to spend heading into the campaign’s final weeks.

    9th Congressional District
    Rep. Jerry McNerney, D-Stockton, raised $523,483 and spent $558,723 in the third quarter, and had $1,037,825 cash on hand as of Sept. 30 with $5,294 in outstanding debts and obligations. He was outmatched by Republican challenger Ricky Gill of Lodi: Gill raised $722,729 and spent $601,445 in the third quarter, and had $1,145,983 cash on hand as of Sept. 30. But counting Gill’s $153,222 in outstanding debts and obligations, McNerney had a slight edge in unencumbered money to spend going into the contest’s home stretch.

    10th Congressional District
    Rep. Jeff Denham, R-Modesto, raised $314,288 and spent $813,223 in the third quarter, and had $752,864 cash on hand as of Sept. 30 with $16,358 in outstanding debts and obligations, leaving $736,506 unencumbered. Democratic challenger Jose Hernandez of Stockton raised $490,922 and spent $679,746 in the third quarter, and had $269,644 cash on hand as of Sept. 30 with $24,893 in outstanding debts and obligations, leaving $244,751 unencumbered. So, Denham had a half-million dollar edge going into the campaign’s final weeks.

    15th Congressional District
    Rep. Pete Stark, D-Fremont, raised $266,871 and spent $202,712 in the third quarter, and had $537,749 cash on hand as of Sept. 30 with no outstanding debts and obligations. Democratic challenger Eric Swalwell of Dublin raised $233,537 and spent $151,894 in the third quarter, and had $161,117 cash on hand as of Sept. 30 with no outstanding debts and obligations. That’s a better than three-to-one cash advantage the incumbent had over his Democratic insurgent challenger heading into the campaign’s final weeks.

    It’s important to note that these numbers don’t tell the whole story in the 3rd, 7th, 9th and 10th Districts, where partisan committees and various super PACs are spending a great deal of money to buy copious ad time on their candidates’ behalf.