Big money dwarfs public finance in Albuquerque mayor’s race

Ricardo Chaves says he won’t accept any outside cash to help in his quest to become mayor of Albuquerque. “I won’t take any campaign money, because I don’t want to be beholden,” Chaves said in a recent interview. “I want to represent all the people not just the special interests.”

So the 81-year-old retired Albuquerque businessman who founded Parking Company of America is relying on a different pile of money to push his mayoral candidacy over the line: his own. To date, Chaves has pumped more than $500,000 into his campaign war chest, mostly through loans. This story originally appeared at New Mexico In Depth and is reprinted with permission.