Paterson Says He Has the Funds to Run for Re-Election

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Governor David Paterson says he's raised enough money to run for governor, despite reports that potential rival Andrew Cuomo may have raised millions more.

Campaign contribution filings are not required to be made public until January 15, but Governor Paterson is already saying he'll raise enough money to launch a credible campaign.

"My numbers will not look as good as they would have if I had dedicated more time to this process, but I'll have the resources to run an effective campaign for governor," Paterson says. The Governor says he's been too busy with the state's financial crisis to devote much time to fundraising and says the intense media focus on campaign dollars is another reason why he's advocating for public financing of campaigns.

Cuomo has amassed at least $10 million in campaign funds.