Candidates who seek to succeed Los Angeles Mayor Antonio Villaraigosa have filed their first campaign finance reports.
L.A. City Controller Wendy Greuel has raised the most – more than $500,000 as of June 30. L.A. City Councilwoman Jan Perry is not far behind at $450,000. Former deputy mayor and businessman Austin Beutner has raised about $400,000, and has already spent nearly half.
Beutner said he’s not a “career politician” – so he’s had to spend money “building a base.” The investment banker said he hasn’t decided how much of his own money he’ll pony up in a mayoral primary where each candidate may need to spend up to two-million dollars for a chance at making it into an expected runoff.
The primary is still nearly two years away, but early fundraising is important to establish credibility as a candidate. L.A. City Council President Eric Garcetti, L.A. County Supervisor Zev Yaroslavsky and businessman Rick Caruso, who developed The Grove and the Americana at Brand, also are considering campaigns for mayor.