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Jerry Brown reports more than $9.7 million in two political accounts

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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.

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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

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