This year's mayoral race is one of the most expensive since the city adopted ranked choice voting in 2004, in large part due to Lurie, who has raised more than any other mayoral candidate before him.
At her election party on Tuesday night, Breed criticized Lurie's wealth advantage. "San Francisco is not for sale," she said, referring to Lurie's record-breaking campaign fundraising.
Breed faced - and at times leaned into - "doom loop" narratives casting the city as stuck in perpetual economic and social crises during her tenure.
The incumbent did not appear too swayed by Tuesday night's early results. In 2018, Breed similarly was behind the leading candidate on election night, she told supporters, "And you see me standing here right now as the mayor of San Francisco."
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