Victorious Democratic gubernatorial candidate Andrew Cuomo outspent his self-funded Republican rival by a nearly 2-to-1 margin, an analysis by the good-government group NYPIRG shows.
Buffalo businessman and millionaire Carl Paladino, who pledged to spend up to $10 million of his own money in his bid to become governor, spent $9.6 million. Campaign finance records posted on Monday at the Board of Elections found Paladino’s campaign is more than $6 million in debt.
Cuomo, the outgoing attorney general, spent $28.6 million and has $4.9 million in the bank. He plans to use his remaining campaign funds to launch a counterattack on the expected opposition to his proposals for cutting state spending and a restructuring of the bureaucracy.
The analysis found Cuomo spent less than previously successful gubernatorial campaigns. For instance, Gov. George Pataki, a Republican, spent $44.7 million on his last campaign in 2002 against Democrat Carl McCall. Democrat Eliot Spitzer spent $35.9 million on his bid against Republican John Faso in 2006.