From Deseret News archives:

Governor is running on borrowed cash

Fundraising for his campaign has been on the back burner

Published: Saturday, Sept. 6, 2008 1:25 a.m. MDT
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In just the past two years, Huntsman's PAC raised about $760,000. His election campaign raised another $137,500 (not counting the nearly $240,000 transferred to it from the PAC this year, nor the $70,000 newly taken from his line of credit). That means he has raised just under $900,000 total in donations in 2007 and so far in 2008.

Meanwhile, Democrat Springmeyer said he has raised only $45,400 — meaning Huntsman has raised nearly 20 times more through his PAC and election fund.

In fact, just the top two donors for Huntsman provided him more money than all of Springmeyer's donors combined. For example, Micron Technology/IM Flash Technologies (the single largest donor to Huntsman and his PAC) gave him $35,000 in 2007-08, and four different donors gave him $20,000 each (including Zions Bank president A. Scott Anderson, Reagan Outdoor Advertising, Marc Bingham and Jeanne Sorenson-Leff).

"I don't expect I'd qualify for a $500,000 unsecured loan from Zions Bank," said Springmeyer, who owns an economic development/city consulting firm. "I'm running a modest, fiscally responsible campaign. I won't be borrowing any money. If elected, I'll run a fiscally conservative, socially responsible administration."


E-mail: bbjr@desnews.com; lee@desnews.com

Recent comments

Some of you seem to have no knowledge of finance whatsoever. This is...

Eric-in-Belgium | Sept. 7, 2008 at 12:25 a.m.

So is the federal government and many of our citizens.

Debt-O-Rama | Sept. 6, 2008 at 5:47 p.m.

The guv is a good guy, but he's not a world class politician. His...

John Jayson | Sept. 6, 2008 at 4:53 p.m.

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