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.

READ MORE: Mesquite To Hold Prayer Vigil For Murdered Teen 'Left For Dead On The Street'

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.

READ MORE: Strained By Staffing Deficiencies, Dallas Animal Services To Temporarily Close On Thursdays

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 This material may not be published, broadcast, rewritten or redistributed.)

MORE NEWS: Driver Fatally Shoots Houston-Area Deputy Before Fleeing

Also Check Out: