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Tom Torlakson

Many California politicians finished election with funds for future use

Many California politicians finished election with funds for future use

Facing few serious challenges for statewide posts in last year's election, many California politicians were free to make financial decisions with an eye toward the future, final campaign reports show. John Chiang had token opposition in his race for state treasurer after eight years as controller, but he raised enough money to have $3.3 million left over. His political consultant said he "will definitely need the money" (but did not respond when asked for more specifics about its use). Gavin Newsom, who is starting his second term as lieutenant governor after being reelected, has $3 million and an eye on the race for governor three years from now. No statewide official...

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