On Politics
1:07 pm
Fri February 1, 2013

Raimondo sets the pace with a $1M bump in her war chest for 2012

State Treasurer Gina Raimondo lived up to her reputation as a high-flying political fundraiser in 2012, closing the year with an increase of more than $1 million in her campaign account.

Raimondo's Q4 report shows her with a balance of $1,359,191. That's an increase of $1,049,153 from where her campaign account stood ($310,038) at the start of 2012. It also puts her considerably ahead of Providence Mayor Angel Taveras, who closed 2012 with a balance of $413,283 (a gain of $288,148 from the start of the year).

Raimondo and Taveras are seen as likely gubernatorial candidates in 2014, although they remain publicly undecided. Both are Democrats. In 2011, Taveras outraised Raimondo, a former venture capitalist, by almost $100,000.

Independent Governor Lincoln Chafee, who has said he plans to seek re-election, closed 2012 with $315,902  on hand -- up from $192,801 at the start of the year. Fundraising is less of a practical concern for Chafee since he and his wife are quite wealthy.

The only declared Democrat in the governor's race for 2014, Ernest Almonte, ended 2012 with $161,994 on hand, up from $105,046 at the start of Q2, not longer after he formally organized his campaign.

Republican Allan Fung, who is weighing a run for governor, closed 2012 with $108,572 in his campaign account. He started the year with $102,170. Brendan Doherty is also a possible GOP gubernatorial candidate.

Moderate Party founder Ken Block, who ran for governor in 2010, loaned his campaign $20,000 in Q4.

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