Tuesday, April 13, 2010
Lt. Gov. Candidate Joe Campos Reports $90,381 Raised, Cash on Hand of $108,868
Democratic lieutenant governor candidate Rep. Joe Campos reported his campaign raised $90,381 this period and spent $111,267. He also received in-kind services worth $17,282.21. He had an opening balance of $129,753 and now has a total of $108,867.58 in cash on hand.
Campos' campaign also has $50,000 in unpaid debt. A total of $50,000 in debt was forgiven. His campaign had received two $50,000 loans last period for a total of $100,000.
The Campos campaign report has not yet been entered into the Secretary of State's official system, but you can see his entire report as submitted here.
Can someone clarify what the loan situation is? You've stated he loaned himself 100K, but according to his last report, he had a 50K loan from his wife, and 50K from Wells Fargo. A loan from a bank is a very different matter--it's pretty unlikely to be forgiven.
So even if he has 100K in the bank, he still owes 50K of that back. Plus, it doesn't look like his campaign manager has been paid in a month, so he's down at least another 10K. He's certainly in a better position than Jerry or Linda financially, but I'm not sure it's as good as this report makes it seem.
Posted by: JoeDem | Apr 13, 2010 3:40:04 PM
I'm was just going by the report as submitted, which doesn't show more detail. I'm guessing the loan that was forgiven was from his wife, as you said.
Posted by: barb | Apr 13, 2010 4:28:18 PM
Joe still raised a considerable amount - $90,000. That's not peanuts.
Posted by: East Mountains | Apr 13, 2010 4:35:42 PM
No, it's not peanuts. But neither is 50K in loans. He still has money, but he'll have to make a decision on whether he wants to bet it all on winning.
Posted by: JoeDem | Apr 13, 2010 4:44:52 PM
Funny math, that's Joe's style coming from the small town of Santa Rosa. He ran the city with funny math for 12 years. 8 years of late state audits and the State Auditor still hasn't received last years numbers. He made the Journal with this story earlier this year.
Posted by: Jeff S | Apr 13, 2010 6:43:48 PM
@Jeff S : Obviously the audits have not been bad, (late or not) or that, too, would have made the news (especially with this contentious race). Isn't Balderas good friends with Colon? He would've been all over this if he thought there was a problem. Or are you slandering him too? Anyway, what exactly do you call "funny math"? Leveraging local dollars against state and federal funds to help a small town progress and become a model community? That's not "funny math", that's smart government.
Posted by: John S | Apr 13, 2010 8:18:42 PM
@Jeff S: A link to a news report would be most welcome. I like to see assertions backed up with facts.
@John S: The fact that you haven't heard anything doesn't mean that nothing has happened. I also think Auditor Balderas has far too much integrity to spin the news cycle for his friends.
Posted by: Proud Democrat | Apr 14, 2010 11:55:36 AM
Here it is smarty pants.
Posted by: Jeff S | Apr 15, 2010 6:30:00 PM
Oops, here it is. 2007, 2008, 2009 audits were late for Joe Campos city of Santa Rosa.
Read last 3 pages of Santa Rosa's audit. Even better than the Journal story I can't find.
complete audits available at the Stat Auditors office in SF
Posted by: Jeff S | Apr 15, 2010 6:58:28 PM
I think you are confusing the lack of well qualified city staff with thievery or dishonesty
Posted by: Thinker | Apr 15, 2010 10:31:33 PM