Sacramento, CA — Governor Jerry Brown has a big money advantage as he chases a bid for an unprecedented fourth term.
The Governor has raised nearly $3 million dollars this year, but has $19.7 million in his election campaign fund. Republican Challenger Neel Kashkari, a former U.S. Treasury official, has raised $1.3 million, but has only $903K in his political account. Republican hopeful Tim Donnelly, a state Assemblyman, has raised $183K this year, and currently has around $10K in the bank.
The filings were made public this morning. The candidates will face off in the June Primary, and the top two will move onto the General Election.
On a related note to the Governor’s race, Kashkari plans to unveil a proposal today to offer a 10-year corporate tax credit for companies that move to California. The Associated Press reports that Kashkari will also ask voters to divert nearly $10 billion in high speed rail dollars to water storage projects. His jobs plan will also promote fracking for oil and natural gas.