Governor Raises $1 Million Since Election
The amount includes $360,000 to pay for inaugural events. Schwarzenegger plans more fund-raising to promote his agenda.
SACRAMENTO â€" Gov. Arnold Schwarzenegger has
raised more than $1 million since his election last month,
including at least $360,000 from car dealers, developers,
telecommunications firms and others who paid for Monday's
Schwarzenegger said Monday he intends to raise more money
to promote his agenda.
The new governor's aides had said they intended to limit
their fund-raising for the day's festivities to $250,000.
But on Schwarzenegger's campaign Web site, organizers of
the inauguration disclosed that he raised at least $360,000
in increments of $5,000 to $30,000.
Some donors had been contributors to former Gov. Gray
Davis, ousted in last month's recall. Many others are part
of Schwarzenegger's stable of backers, including such
Republican stalwarts as Irvine Co. chief Donald Bren,
homebuilder William Lyon, and developer Alex Spanos, owner
of the San Diego Chargers.
"There was a mandate on us to produce something that looked
good and kept people safe," said Marty Wilson, executive
director of the swearing-in committee.
Wilson said the price for the actual ceremony will be about
$250,000. But the overall price will be greater because of
costs associated with printing and mailing invitations and
catering events. Wilson said the committee spent $80,000 to
accommodate roughly 700 media representatives.
Still, Wilson said, the final bill will be less than the
$1.5 million that Davis raised for his first inauguration
five years ago.
To pay for Monday's events, individuals, corporations and
trade groups donated to a nonprofit corporation established
by Schwarzenegger last month.
State law imposes less stringent disclosure requirements on
such corporations than on campaign committees. Between
campaigns, for example, candidates must publicly disclose
within two weeks any donation of $5,000 or more to their
But Schwarzenegger will have 60 days to disclose the
identities of donors who gave $5,000 or more to the
swearing-in committee, and the amounts they gave. Those
disclosures will be made with the Fair Political Practices
Schwarzenegger already has disclosed on his Web site the
identities of those who gave the $360,000. Schwarzenegger
listed an additional 30 "underwriters" and "contributors"
to the swearing-in on the program for the inaugural, but
has not yet specified the amounts they gave.
Several donors have business before the state. ACS State
and Local Solutions, which gave $10,000, employs three
lobby firms in Sacramento and is involved in state computer
projects. AT&T gave $15,000. The telecommunications
firm has a major presence in Sacramento and has lobbyists
who seek to influence decisions at the California Public
During the recall campaign, Schwarzenegger made a point of
saying he would shun special-interest money. He later
issued a memo defining special interests, saying in part
that he would "not solicit contributions from single
interest trade associations."
The new governor disclosed that he accepted donations for
swearing-in goods and services from four trade associations
â€" the California Bottled Water Assn., the
California Motor Car Dealers Assn., the California
Restaurant Assn. and the California Wine Institute. Each
has a lobby presence in Sacramento.
Wilson explained the decision to accept the "in-kind"
donations from the trade groups by saying the contributions
did not go into Schwarzenegger's campaign funds, and the
groups did not give money. Rather, the car dealers loaned
vans to ferry workers around Sacramento. The other groups
donated food, water and wine.
To win the recall contest, Schwarzenegger raised $12
million and used another $10 million in bank loans and his
own money. He continues to raise money to be placed in two
Since the Oct. 7 recall election, he has accepted a
combined $707,000 in his gubernatorial campaign committee
and in a committee he established to promote Davis' recall,
according to filings with the California secretary of
Schwarzenegger has indicated that he intends to raise money
to help pay off $4.5 million in bank loans he took out for
the campaign. He took donations of $100,000 last week from
Orange County mortgage lender Ameriquest Capital Corp., and
the same amount from American International Group Inc., a
major insurance firm. Among its lines of insurance, the
company provides workers' compensation insurance, and could
be a player in the coming battle to overhaul the
State law caps individual donations made directly to
political candidates at $21,200. But Schwarzenegger put the
money in an account established to promote Davis' ouster.
The restriction does not apply to such committees.
Additionally, Ameriquest chairman Roland Arnal and his wife
each gave $21,200 to the Schwarzenegger-for-governor
Ameriquest had donated $348,000 to Davis during his five
years in office, including $100,000 to committees to oppose
Davis' recall. Davis appointed a former Ameriquest
executive to the University of California Board of
At a California Chamber of Commerce lunch on Monday,
Schwarzenegger told the crowd he intends to seek more
donations to help win passage of a variety of ballot
measures, including one to address workers' compensation.
See the article on Los Angeles Times website