Republican gubernatorial candidate Susana Martinez, with a large assist from the Republican Governors Association, out-raised Democratic gubernatorial candidate Diane Denish more than three-to-one in the latest reporting period. Denish, however, has more money in the bank.
Martinez reported raising more than $610,000 from May 26 to June 25. Of that, nearly half, $250,000, came in the form of a June 9 donation from the RGA. Denish’s largest donation was $12,000 from the Southwest Investment Trust, a real estate investment compnay, on June 16.
Martinez won a five-way Republican primary on June 1 with more than 50 percent of the vote.
Martinez reported spending more than $450,000 in the fundraising period and finished the fundraising period with $300,000 cash on hand.
Denish raised nearly $190,000 in the period and her campaign reported that more than 90 percent of that came from New Mexico donors.
Denish spent more than $650,000 in the period but was left with nearly $2.2 million cash on hand.
Martinez previously received a large fundraising boost from Bob Perry, a Texas developer who helped finance the anti-John Kerry Swift Boat Veterans for Truth 527 group in the 2004 presidential elections.
Denish began raising money for a gubernatorial race years ago, well before Martinez entered the race, and has always held a cash advantage over any opponents.