AUSTIN (AP) — Lt. Gov. David Dewhurst raised $3.33 million in late 2012, but his campaign only reports having $1.97 million cash-on-hand.

Dewhurst ran unsuccessfully for U.S. Senate last year, defeated by Ted Cruz in the Republican primary to replace retiring Sen. Kay Bailey Hutchison.

Since then, he has said repeatedly he’ll run for re-election as lieutenant governor next year.

His campaign said late Tuesday it took in $3.33 from around July 1 through Dec. 8.

It didn’t say why he has less cash-on-hand, but Dewhurst may have spent it ahead of the July 31 runoff against Cruz, or serving debt.

Dewhurst said last month that over $760,000 was stolen by his campaign manager, Kenneth Barfield.

The meant his reported campaign funds fell from about $770,000 cash-on-hand in July to less than $7,300.

(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Also Check Out:

• Cruz: Shutdown May Be Necessary
• 2013 Payroll Tax Increase Means Your Paycheck Will Shrink
• North Texas Teen Killed By Flu Complications Remembered
• Church Elects Registered Sex Offender As Sr. Pastor
• Grapevine Teens Dead In Suspected Narcotics Overdose