Which of the following correctly builds a quotation into a sentence?
Select one:

Mayor Dee Johnsburger claims that: “the money budgeted for road repairs is inadequate.”

Mayor Dee Johnsburger claims that “the money budgeted for road repairs is inadequate.”

Mayor Dee Johnsburger claims that, “The money budgeted for road repairs is inadequate.”

Mayor Dee Johnsburger claims that, “the money budgeted for road repairs is inadequate.”