June 4, 2013
Democrat Terry McAuliffe has the current monetary edge when it comes to campaign fundraising for Virginia's gubernatorial election.
Campaign finance reports released Monday reveal McAuliffe raised more than $3.7 million from April 1 to May 29. Republican Ken Cuccinelli brought in about $2.1 million in that time.
That leaves McAuliffe with $5.4 million in the bank compared to Cuccinelli's $2.7 million.
"While McAuliffe raised more money than Ken Cuccinelli, it seems both candidates are going to have plenty of money to wage the fall campaign," said Kyle Kondik, an analyst with the University of Virginia Center for Politics.
Both candidates received the largest chunk of their latest financial boost from their national parties.
The Republican Governors Association contributed $1 million to Cuccinelli's campaign and the Democratic Governors Association handed $2 million to McAuliffe's effort.
In Virginia, there are no contribution limits, meaning million-dollar donations from party committees are not unheard of.
"In other states, you'll see that money spent independently because they're not allowed to donate those big sums, but in Virginia, the national republicans can give as much as they want to Cuccinelli and the national democrats can give as much as they want to Terry McAuliffe," said Kondik.
A democratic primary next week will decide who runs alongside McAuliffe as the party's candidate for lieutenant governor -- Aneesh Chopra or Ralph Northam.
Republican E.W. Jackson is already locked in as his party's candidate for the state's second-highest office, but in terms of money, he is already behind both democratic contenders.
As of May 29, Chopra lists his campaign balance as $427,265. Northam has $151,505.
The finance disclosures show Jackson has $54,929 on hand.
"I think one of the worries for the republicans is that Jackson is not really a well-known candidate and he may have trouble raising money," said Kondik. "I think whoever does win the democratic primary for the lieutenant governor's race -- Aneesh Chopra or Ralph Northam -- is going to significantly outraise Jackson in the fall campaign."
The democratic primary will be held June 11.
To see the full campaign finance reports, click HERE.