Prior to Mayoral Candidacy, Elk Grove Councilman Steve Ly Raised $21,000 in Cash

August 2, 2016 |

In two separate reports filed with the Elk Grove City Clerk's office, Elk Grove Vice Mayor Steve Ly raised $21,000 in cash contributions for the six month period ending June 30, 2016.

In an slightly unusual move, Ly filed two California Form 460 financial disclosure reports. One was for his 2018 re-election committee and the other for his 2014 campaign.  

For his 2018 committee report, Ly reported $12,000 in donations from only six contributors, five of whom have interests in new housing development in Elk Grove. Those five contributors include the following:

  • Christo Bardis - $2,500
  • John Reynen - $2,500
  • Plumbers and Pipefitters Union, Local 447 - $2,500
  • Richland Investments LLC - $2,500
  • International Brotherhood of Electrical Workers, Local 340 - $1,000
For his 2014 committee filing, Ly reported three contributions totaling $9,000. The contributions included $5,000 from the City of Elk Grove engineering contractor Willdan Group; $2,000 from Laguna Gateway Phase 2, $2,000; and Pappas Investment Partner John Papagiannopoulus, $2,000.

For his expenses, with the exception of one, all expenditures were paid for by Ly's 2014 committee. Among notable expenditures were $7,745 to Capitol Campaigns; $1,976 to Los-Angles-based law firm of Nossaman, LLP for legal services; $1,281 in travel reimbursement to his part-time intern Major Tyson Sorci, and six expenditures totaling $2,475 for credit card payments for categorized expenses.

Between the two reports, Ly raised $21,000 in cash and $1,260 in non-monetary contributions for six month period. After expenses, as of July 1, Ly entered the Mayoral race with $15,300 cash on hand.    

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