Sanchez loans his campaign almost $274K

Republican Lt. Gov. candidate John Sanchez (Photo by Heath Haussamen)

Republican Lt. Gov. candidate John Sanchez didn’t raise much money from other people from Oct. 1 to April 5, but he loaned his own campaign $273,800.

That accounts for most of the $279,300 Sanchez reported raising on the report he filed today. He chipped in another $2,500 contribution to his campaign, leaving only a few thousand dollars coming from others.

Sanchez reported spending $23,018.71 and ended the reporting period with $256,281.29, meaning he’s spent very little of the money he loaned his campaign. He also had $6,735.48 in in-kind contributions.

One of his primary opponents, Kent Cravens, reported raising $57,990, spending $34,583.91 and ending the reporting period with $23,406.09, according to the report he filed. Cravens also had $1,525 in in-kind contributions.

The report for the other Republican in the race, Brian Moore, isn’t yet online.

J.R. Damron, who recently dropped out of the race, also filed a report. It states that he raised $24,975, spent $24,451 and ended the reporting period with $524 on hand. His fundraising included a $7,000 loan, and he also had $2,555 in in-kind contributions.

Update, 6:30 p.m.

Moore reported raising $139,840 – with $100,000 of that a loan from himself to his campaign. He spent $14,231.70 during the reporting period and ended it with $129,535.72, according to his report, which he e-mailed to NMPolitics.net because it’s not yet on the Secretary of State’s Web site even though it’s been filed.

Moore had $134 in in-kind contributions.

Update, 11:05 p.m.

In a news release, Cravens said he dominated his opponents in fundraising, pointing to the fact that he outraised them both when their personal loans to their campaigns aren’t considered. He also said it was important to remember that he couldn’t fundraise during the regular and special legislative sessions – almost half the reporting period.

“We are extremely grateful and humbled by the support from New Mexicans, and honored by the confidence they have in our campaign,” Cravens said.

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