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NM Gov. Susana Martinez raises $2M for re-election

October 15, 2013 • State News

SANTA FE, N.M. (AP) — Republican Gov. Susana Martinez has stockpiled nearly $3.3 million for her re-election campaign, giving her a significant fundraising advantage over Democratic challenger Gary King, according to financial reports filed Tuesday.

King had cash-on-hand of $142,441 in his campaign account as of Oct. 7.

Martinez raised $2.1 million for her re-election during the last six months while King collected $175,145.

No campaign finance report was immediately available for Democratic state Sen. Linda Lopez, who’s announced plans to run for governor

Candidates for state office and political committees faced a Tuesday deadline to submit campaign finance reports to the secretary of state’s office.

The Martinez campaign spent $367,376 from April through early this month while King had expenditures of $135,491.

Martinez raised about $7 million for her 2010 primary and general elections. But state law has changed since that election, and New Mexico now limits campaign contributions. Individuals and political action committees can give [auth] up to $5,200 per election to a statewide candidate — $10,400 for the primary and general elections. Candidates for governor previously could accept unlimited amounts from contributors.

Among the contributors giving the maximum amount to Martinez — $10,400 — were Intrepid Potash, which operates a potash mine near Carlsbad, and Robert Jornayvaz, the company’s chairman of the board. Congressional Republican leaders also were major donors to the governor. U.S. House GOP Whip Kevin McCarthy gave $10,400; House Majority Leader Eric Cantor contributed $5,000 and Wisconsin Rep. Paul Ryan, the 2012 vice presidential nominee, gave $10,400.

King’s top donors included Dallas trial lawyer Russell Budd and his wife, Dorothy, who gave a combined $20,000. Pojoaque Pueblo and one of its corporations contributed $10,000.

Since taking office in 2011, Martinez has collected about $3.8 million in monetary and in-kind contributions for her re-election. King has raised almost $429,000 since last year when he entered the race, including personal loans of about $45,000.

In the race for attorney general, Democrat Hector Balderas reported cash-on-hand of $415,185 in his campaign for the Democratic nomination. Balderas, a two-term state auditor, raised $218,135 in the past six months and spent $40,728. He is the only candidate who so far has publicly announced for attorney general next year

Attorneys and law firms were a top source of campaign contributions for Balderas, accounting for about $88,000. A national law firm that handles class action securities litigation and other lawsuits, Grant and Eisenhofer, contributed $10,000. The firm’s co-founders and a wife of one of the lawyers gave a combined $15,000.

Labor unions contributed about $22,000 to Balderas, including $10,400 from a political committee of the American Federation of Teachers-New Mexico.

Fundraising by candidates for other offices:

—Secretary of state: Democrat Maggie Toulouse Oliver reported cash-on-hand of $45,034, and Republican incumbent Dianna Duran had $7,538. Oliver, the Bernalillo County clerk, collected $68,152 in contributions, including $5,000 from Albuquerque art dealer John Strong. Duran raised $6,150, including $5,000 from former GOP state Sen. Don Kidd.

—State treasurer: Former state Sen. Tim Eichenberg, an Albuquerque Democrat, had a cash balance of $49,917 in his campaign account. John Wertheim, a former state Democratic Party chairman, had cash-on-hand of $34,520 and Democrat Patrick Padilla reported a balance of $5,044. Eichenberg raised $71,110, including personal loans of about $58,980. Wertheim received $44,245 in contributions, including $20,800 from his parents. Padilla, a former Bernalillo County treasurer, collected $12,540, including a $3,000 personal loan.

—State auditor: Democrat Tim Keller, a state senator from Albuquerque, has stockpiled $165,359 in his campaign. He’s the only declared candidate in the auditor’s race. There’s no incumbent because Balderas is term limited and running for attorney general. Keller collected contributions of $96,766, including $5,000 each from Santa Fe lawyer Susan Steinhauser and Santa Fe businessman Dan Greenburg.

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