Records show Rahm already a big winner in one race: $$$

31 Jan

According to the Illinois State Board of Elections, Rahm Emanuel has $8,337,872.47 in his campaign fund before the election. (AP Photo/Paul Beaty, File)

By Jennifer Schanz

It was “Deep Throat,” or Mark Felt, from “All the President’s Men” who first reminded us to the “follow the money.” Nearly forty years later, his advice still holds solid.

Chipping away at the mayoral hopefuls, many experts figure the mid-January release of campaign contributions set the tone of the Chicago election horse race—and left a few stuck in the gates, such as City Clerk Miguel Del Valle, who raised just over $120,000 in cash and in-kind contributions and has only $66,619.48 on hand as of the end of this year, according to the Illinois State Board of elections.

Placing third is the former U.S. Ambassador to New Zealand and one time U.S. Senator Carol Moseley Braun, who raised just under $450,000 and had $164,177.61 on hand as of Dec. 31, 2010.

Gery Chico comes in with $2,366,493.58 in total contributions and $2,013,272.09 on hand, which leads us to front runner Rahm Emanuel, who according to the Illinois State Board of Elections, raised $11,788,360.56 between July and December of 2010, and sits on $8,337,872.47 before the election.

Emanuel raised more than $1.4 million in the final 10 days of 2010, making his pockets not only deep, but quick to collect.

As Chicago’s final four continue on in the fight to fill the seat that once belonged to the Daley Dynasty, campaign contributions—a measuring stick of confidence—become more and more telling of which candidate has a neck up, and which will be barely out of the gate.

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