LOS ANGELES : Wachs Is 5th Mayoral Hopeful to Raise $200,000
Los Angeles City Councilman Joel Wachs on Wednesday became the latest in a growing list of mayoral candidates to officially report having raised more than $200,000, with much of his financial support coming from the entertainment and arts worlds as well as from gay rights and AIDS activists.
The 53-year-old Wachs, an avowed candidate since Oct. 4, is the fifth mayoral hopeful to hit the $200,000 reporting threshold. Preceding him were Richard Riordan, Assemblyman Richard Katz and Councilmen Nate Holden and Michael Woo.
The city’s campaign finance laws require candidates for mayor to notify the city Ethics Commission when they have raised $200,000 in contributions. Wach was not required to disclose his contributors but did so voluntarily.
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