With the qualifying deadline upon us and the Coral Gables Election only 46 days away, candidates continue to raise funds for their campaigns — and spend it, at an alarming rate in some cases.
Sometimes what’s more important isn’t how much a candidate has raised but how quickly it gets spent and how much is left in hand at the most crucial times, like when absentee ballots drop.
Of course, there are still about five weeks to shake those trees, but here is the tally so far, according to the latest reports filed for the first two weeks in February.
Mayor Raul Valdes-Fauli got another $8,200 in those 14 days for a total of 
$89,000. But Valdes-Fauli has spent $51,685, including $7,014 in those two weeks, leaving him with less than $38,000 now that he’s really got a fight on his hands.
Former Commissioner Jeannett Slesnick is filing Friday morning and hasn’t raised any campaign funds yet. But she’s good at raising money. Not only did raise more than $250,000 in 2017, when she lost her first round against Valdes-Fauli by a scant 187 votes, but she’s raised money for other candidates in state and national races.
Read related: Rematch! Jeannett Slesnick will jump into mayor’s race
Commissioner Mike Mena, who is unchallenged with less 
than 12 hours ’til qualifying deadline, has raised $112,850 and spent only $17,990. But if he doesn’t get an opponent, he’ll have to return most of that money — after running a few “thank you” ads and mailers, of course.
In the crowded race for the open seat, left by a retiring Commissioner Frank Quesada, the handpicked successor Jorge L. Fors, Jr. has been burning through his money, too, with a whopping $33,263 out just in the 14-day reporting period: including $9,950 for mailers, $7,500 for a phone bank, $3,825 in advertising, $1,200 for absentee ballot generating handouts, $6,000 on social media and more than $4,000 on canvassing.
Fors has spent a total of $56,864. He raised $2,575 more in the last two weeks reported for a total of $84,350, leaving him with less than $28K in hand.
Former City Commissioner Ralph Cabrera, meanwhile, raised almost twice as much in the same time, with $5,650 making for a $37,270 total. He has proven to be much more fiscally conservative, spending only $7,280 so far. So 
Cabrera still has $30K in hand, more than Fors, who has raised more than twice as much. Hmmm.
Onetime Interim City Manager for five minutes Carmen Olazabal hasn’t even raised that much in total. Despite getting help from former Mayor Jim Cason and his wife Carmen, Olazabal has raised a total of $27,671. including $4,800 raised just in the first two weeks this month. She spent almost as much, however, with $4,116 out for a total of $15,620. That means she has just over $12,000 left in hand.
Read related: Coral Gables activist blasts email against candidate Carmen Olazabal
And jumping into that race from the mayoral contest after former Slesnick jumped in, Uber driver and downtown property owner Jackson “Rip” Holmes is paying expenses as they come out of pocket without a single contribution from anyone, loaning himself a total of $1,280, most of it paid to consultant Pedro Diaz.
Taken all together, there’s about $350,000 invested in this election so far. With more than six weeks to go, that’s likely to surpass the half million mark.
The next campaign finance reports, through the end of the month, are due the first week in March.
In Coral Gables, campaign cash goes out as quickly as it comes in added by Ladra on
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