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.
An often heard saying about elections is that candidates spend their time asking anyone they can find for money to fund their campaigns. The amount of money being raised and spent so far in the Albuquerque mayor’s race is already an unprecedented $2,646,494. 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. No other sector even comes close in its giving power, according to the analysis.
That system is currently teetering, at least when it comes to citywide races, largely due to the small amount of funds it provides compared to what competitors are able to raise, or in the case of one candidate, self-finance.
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.
The Albuquerque City Clerk is asking six mayoral and two city council candidates to fix campaign filing mistakes ranging from anonymous contributions to missing employers and occupations. The candidates have 10 days to remedy the errors or face fines. Susan Wheeler-Deischel received the most reprimands. As New Mexico In Depth previously pointed out, her campaign listed “NA” for employers in 17 instances. Another entry was blank.
Employees of companies that do business with the city, and a few of those companies themselves, donated more than $74,000 to Albuquerque mayoral candidates through the end of March, an analysis by New Mexico In Depth found. That’s more than twice the amount the city found in an official report submitted last week, which was required within 48 hours of the latest campaign finance deadline. In 2007, Albuquerque voters approved a ban on corporate contributions and contributions from city contractors. But a 2013 lawsuit overturned those bans. As a result, the city’s purchasing department is now required to identify donors who do business with the city worth $20,000 or more during the last two years, as well as employees of those donors.