Young raised $449,000 by end of 2007

David Young raised $449,038 by the end of 2007.

The Democratic candidate for state treasurer raised $435,246 from large donors, including developer William Allen, Home Trust Bank CEO Edward Broadwell and retired oilman Walter Davis, according to a campaign finance report filed with the State Board of Elections today.

He also raised $384 from donors who gave less than $50, and $13,408 from political action committees, including the BB&T PAC, the Eastern Band of Cherokee Indians, and the Asheville Anesthesia Associates PAC.

At the same time, Young spent $20,483 on office expenses and consulting.

That left him with $420,058 in cash on hand.

Update: The contributions include $110,000 Young gave his campaign as a donation—not a loan—and $3,158 transferred from his county commissioner campaign.