State-level midterm election fundraising on track to exceed $7 billion
A new OpenSecrets analysis projects state-level candidates, party committees and ballot measure committees are projected to raise over $7 billion for 2021 and 2022 elections.
Outside groups spent a midterm-record of $1.3 billion on 2022 federal elections
Outside groups have spent over $1.3 billion on 2022 federal midterm elections, surpassing the nominal – not adjusted for inflation – 2018 midterm election record.
See our media citations from outlets around the nation this week:
New poll finds deep economic pessimism ahead of midterms (NBC News) “Republicans and Democrats are engaged in an intensifying money race with polarization bringing more money than ever into our elections,” said OpenSecrets Executive Director Sheila Krumholz. “State-level candidates vying to oversee future elections are seeing an especially noteworthy surge in funding, highlighting the public’s concern with election integrity.”
See how campaign money is being spent ahead of midterms (PBS NewsHour) "Both sides are raising millions of dollars within — from these dark money groups. But, right now, what we're seeing is the — especially in the Senate, the Senate Leadership Fund is able to outspend the Democratic — their Democratic counterparts," said Brendan Glavin from OpenSecrets.
Democrats’ feared red October has arrived. (The New York Times) In state races, candidates, party committees and ballot measure groups are on track to raise $7.4 billion this election cycle, per OpenSecrets. That’s a $400 million increase from 2018 but less than the $2.4 billion increase from 2014 to 2018.
