Sanchez paid back $100K loan in fourth quarter
Republican John Sanchez raised just over $100,000 for his U.S. Senate campaign in the fourth quarter of 2011. His campaign also repaid him $100,000 for a loan he had previously made.
The disclosure of the fundraising and loan repayment comes in Sanchez’s fourth-quarter finance report, which his campaign filed on Jan. 31 but hasn’t been disclosed publicly until now. Sanchez told NMPolitics.net on Thursday that he didn’t know how much he raised in the fourth quarter.
According to his finance report, Sanchez raised just under $102,000 between Oct. 1 and Dec. 31. He spent just over $141,000. And he repaid about half of a $200,500 loan that he made to his campaign shortly after he joined the race in May.
His campaign ended 2011 with just under $110,000 in the bank.
You can view the summary pages from Sanchez’s fourth-quarter finance report here. The full report isn’t yet available on the FEC’s website.
As NMPolitics.net reported on Thursday, Sanchez has decided to drop out of the race to replace the retiring Jeff Bingaman in the Senate. It’s a report the Sanchez campaign denies, but NMPolitics.net stands by its article. NMPolitics.net doesn’t know when Sanchez will announce his decision.
The campaign never really got off the ground. Even before NMPolitics.net’s report, many suspected that Sanchez’s campaign was coming to an end. There had been little activity on his campaign website, Facebook page or Twitter account during the last three months of 2011 and January, and he missed many GOP events the other candidates attended.