Mayor Lightfoot's campaign cash 'burn rate' could spell trouble when the race kicks into high gear for the mayoral election candidates.
Mayor Lori Lightfoot kicked off her re-election campaign with a whirlwind tour around Chicago Wednesday.The good news for Mayor Lori Lightfoot: she raised more money than any of her rivals during the third quarter of 2022, ending with $2.94 million in the bank - nearly twice as much as her next-highest competitor, not counting self-funding millionaire businessman Willie Wilson.
That's pretty much the bottom line after Monday's midnight deadline for filing quarterly fundraising reports came and went. Lightfoot raised $1.04 million from a broad base of 250 donors. The mayor had only a handful of six-figure donations, a far cry from fundraiser extraordinaire Rahm Emanuel, whose Rolodex was the stuff of legends.
King's husband, Alan, a house music DJ and Chicago attorney, is a basketball-playing buddy of former President Barack Obama. Like Lopez, Illinois state Rep. Kam Buckner had an even higher "burn rate" than Lightfoot. He raised $72,818, spent $113,349 and closed the third quarter with $8,115 in the bank.
Without, "Pritzker-level money" needed to "go up on the air and never come down," Reyes said Lightfoot needs to "spend money" strategically, such as on TV ads.
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