Jerry Brown reports more than $9.7 million in two political accounts
Coming off a major victory with the passage of Proposition 30 last year, Gov. Jerry Brown has more than just political capital. He’s got a lot of actual capital, too.
Brown has more than $2.6 million left over from the Prop 30 campaign. That money can be used for other ballot measures, but most of it cannot be used for his 2014 reelection campaign.
The governor’s political bank account has more than $7.1 million, and election day is still nearly two years away. More than $1 million of that money was raised in the last half of 2012, most an afterthought to the more than $30 million the governor collected for his tax initiative on last fall’s ballot.
By comparison, the California Republican Party reported just $236,000 in the bank with nearly $200,000 in debts.
Brown’s financial standing reflects his strong political position in the wake of Prop 30’s passage. The state’s budget has stabilized, he says, and a new survey from the Public Policy Institute of California shows voters more optimistic about the state’s direction.
--Anthony York in Sacramento
Photo: California Gov. Jerry Brown. Credit: Rich Pedroncelli / Associated Press