Villaraigosa Hits $1.8 Million Fundraising Cap

After raising nearly $1.2 million in the past two weeks L.A. Mayoral Canidate Antonio Villaraigosa has raised $1.8 million since the March 8th primary.
According to a statement from the Villaraigosa campaign Tuesday, Villaraigosa is the first runoff candidate to reach the $1.8 million contribution cap invoked under city ethics rules when he accepted public funds. However, that cap is likely to be lifted because of “independent expenditures on behalf of both runoff candidates”.
The Hahn campaign has not issued any fundraising updates beyond the required April 2 filing, when the campaign reported raising $408,000.
The announcement of this latest fundraising for Villaraigosa caps a dramatic 10 days, during which he won endorsements from basketball superstar and businessman Earvin “Magic” Johnson and mayoral rival Bob Hertzberg and has been pulling away from Hahn with an 18-point lead in a Los Angeles Times poll. (LA Business Journal, 4/19)