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Schwarzenegger Is Raising Funds Faster Than Davis
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Race
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| Contributor | Gerald Farinas |
| Last Edited | Gerald Farinas Feb 21, 2004 04:29pm |
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| Category | News |
| Media | Website - Yahoo News: Iran |
| News Date | Saturday, February 21, 2004 06:00:00 AM UTC0:0 |
| Description | Schwarzenegger Is Raising Funds Faster Than Davis
L.A. Times
Gov. Arnold Schwarzenegger is collecting money to promote his March 2 ballot measures at a clip of $121,313 a day — far outpacing Gray Davis at the height of the former governor's fundraising.
Schwarzenegger has raised $5.2 million since the start of the year, much of it in five- and six-figure chunks, to campaign for Proposition 57, a $15-billion bond issue that would allow the state to restructure its debt, and Proposition 58, to limit future debt.
Schwarzenegger aides are soliciting contributions of as much as $500,000 to attend a private dinner with the Republican governor later this month. The event will be held in New York City, headquarters for the bond industry, which would vie for the right to underwrite and market California's $15-billion deficit- restructuring bond. Schwarzenegger's aides say he is seeking money from donors outside the municipal finance industry.
Democrat Davis, often criticized for his aggressive fundraising and for taking money from donors who had business before the state, broke previous records for a California governor by raising $96 million during his nearly five years in office. Schwarzenegger made that an issue during last year's recall, promising not to take money from "special interests," specifically Indian tribes and public employees unions.
"Schwarzenegger is putting Gray Davis to shame," said campaign finance expert Robert Stern, president of the nonprofit Center for Governmental Studies in Los Angeles. "This guy is going to out-fundraise Gray Davis. That is the ironic thing." |
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