Rising Dough

Following The Money In The Mayor's Race.

BETSY BOLDING'S second-place finish in the Democratic primary earlier this month was an expensive loss.

According to campaign finance reports filed with the city last week (covering campaign activity through September 13), Bolding raised $121,458, including $56,675 in public matching funds. She spent $105,919, leaving her with $15,539. Bolding received 7,420 votes, which comes to about $14.27 per vote.

That's more than twice the $7.12 McKasson spent per vote. McKasson's grassroots organization allowed her to remain thrifty while winning the race with 9,748 votes. She spent $69,475 of the $100,748 she'd raised, which includes $46,110 in public matching funds. She had $31,272 remaining in the campaign war chest as she entered the general campaign season.

Bolding spent $33,163 in a campaign blitz in the last three weeks of the campaign between August 19 and September 13. McKasson, by comparison, spent only $17,300 during the same period.

Councilwoman Janet Marcus, who trailed McKasson and Bolding in the mayoral primary with 2,575 votes, spent the most per vote: $17.35. Despite a slow start, Marcus ultimately raised $50,030, aided by her late eligibility for $21,252 in public matching funds. She spent $44,671, leaving her with $5,359 at the end of the campaign. That will just cover the $4,490 she loaned her campaign at the outset.

Real estate broker Pat Darcy, who struggled with fundraising throughout the campaign, raised only $10,016 and never qualified for matching funds. He repaid himself only $819 of the $3,000 he lent his campaign. Darcy got 1,935 votes -- a comparative bargain at roughly $5.18 a vote.

Republican mayoral candidate Bob Walkup, who was unopposed in the GOP primary, had raised a total of $98,818, including $40,149 in public matching funds. (He has requested an additional $15,547.) Walkup had spent $42,525, leaving him with $56,292 as the general election campaign season begins.

That's nearly twice the amount McKasson has on hand -- although both candidates are expected to raise the maximum $154,684 allowed under the city's matching funds program. Candidates who agree to limit spending are eligible for a dollar-for-dollar match, provided they are able to raise 300 contributions of at least $10 each from city residents.

The hurdle is easier for Council candidates, who are eligible for matching funds if they raise just 200 contributions of at least $10 from city residents. All four candidates in contested Council races have applied for matching funds, agreeing to limit spending to $77,342.

In the Ward 1 race, City Councilman José Ibarra had raised $47,823, including $22,919 in matching funds. Ibarra, who faced no primary challenge, had spent $4,837, leaving him with $42,985.

That's a considerable advantage over his opponent, Republican Ray Castillo, who hadn't applied for matching funds until last week. Castillo has raised $12,555; $11,760 in requested matching funds would bring his total to $24,315. He's a former Ward 1 councilman who served from 1969 to 1973.

In the race for the Ward 2 Council seat, which is being vacated by Marcus, Republican Rick Grinnell had raised $20,723. He became eligible for about $17,000 in matching funds this week. Grinnell ran unsuccessfully for the Ward 2 seat four years ago.

His Democratic opponent, former Marcus aide Carol West, had raised $18,700 and received an additional $14,709 in matching funds.

Ward 4 Councilwoman Shirley Scott has no opponent in the November general election. She defeated Debra Johnson in the Democratic primary.

Scott spent $52,073 of the $58,135 she raised for the campaign, including $26,915 in matching funds. She had $6,062 remaining in her campaign fund.

Johnson raised $14,293 and spent $11,268, leaving her with $3,025. Although she requested $13,963 in matching funds, her report shows she never received those funds.