Dark Money rearing its head in ABQ elections

With Albuquerque’s city election less than a month away, a number of independent groups have registered with the city as political committees, ramping up to make their views known. As of last Friday when the latest campaign finance reports were filed, such committees have raised a combined total of $824,441. That’s 20 percent of all the money raised so far this election cycle, that will see a new mayor elected, as well as numerous new city councilors. There is a controversial ballot measure on the ballot as well. The money will be used to bombard Albuquerque voters–and all other listeners to the big television and radio stations–with political ads for and against candidates and issues.

Realtors and developers give big money to ABQ mayoral candidates

The amount of money being raised and spent so far in the Albuquerque mayor’s race is already an unprecedented $2,646,494. Of that, 68 percent comes from private contributors to candidates. An often heard saying about elections is that candidates spend their time asking anyone they can find for money to fund their campaigns. But a look at the campaigns of the three candidates raising the most in private dollars suggests one constituency is being asked a lot more than others. The real estate and land development sector has given roughly $1 of every $4 raised so far in the Albuquerque mayoral race once you subtract public financing dollars for one candidate and a half-a-million-dollar loan another candidate gave to himself, an NMID analysis shows.

ABQ mayor’s race tops $2 million

Albuquerque’s mayoral contest is officially a $2 million race, setting the stage for the most expensive mayor’s race ever in the city. Campaign finance reports filed today show mayoral candidates have raised or otherwise accumulated $2,103,107 since the beginning of the year. That figure includes $380,791 for Tim Keller’s publicly financed campaign. $500,000 in loans to himself by Ricardo Chaves, plus $8,648 he’s contributed to his own campaign. Dan Lewis has raised $355,254, which includes $90,477.56 he started the year with.