KATIE PORTER CAMPAIGN REPORTS HIGH CASH ON HAND JUST DAYS BEFORE BALLOTS DROP

Porter Has 7x Becerra’s Cash on Hand as Becerra Ended Period With Just 500k in the Bank 

Porter, the Only Candidate to Refuse Corporate Money, Has Over $3.75 Million COH

IRVINE—New campaign finance filings show Katie Porter with a major fundraising advantage over her top opponents, apart from billionaire self-funder Tom Steyer. Among the top three polling candidates, Porter reports over $3.75 million cash on hand, Steyer has $4 million, and Becerra only reported $500,000 in the bank, giving Porter a major fundraising advantage less than two weeks before ballots are mailed out. Porter has now raised nearly $9 million for her gubernatorial bid. 

Katie’s fundraising haul is entirely from real people, the vast majority grassroots donors chipping in a few dollars at a time — and not a cent from corporations. Despite her refusal to take corporate donations, the only candidate in the race to do so, Porter remains in an extremely competitive financial position and has continued to gain momentum. In the five days after allegations about Eric Swalwell emerged, her campaign raised $1 million, mostly from first-time donors, and surpassed a major milestone of over 100,000 individual contributors. Porter’s campaign finance report is so long that the California Secretary of State is having difficulty uploading it to the state’s online portal. 

Despite billionaire Tom Steyer spending over $133 million in the past five months and Becerra spending over $4 million, Katie remains statistically tied as the top polling Democrat. She also has the highest favorability and name ID among Democrats. With Porter’s new seven-figure ad blitz, which only began a week ago, she will only need a fraction of Steyer’s spend to remind voters of her record fighting against special interests and defending middle-class California families. 

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