CEDAR RAPIDS — Gov. Terry Branstad's re-election campaign this morning reported raising $1.1 million so far this year.
The five-term Republican also reported to the Iowa Ethics and Campaign Disclosure Board that he's sitting on $4.5 million cash on hand.
The governor's fundraising war chest represents the largest ever by a gubernatorial candidate in Iowa at the end of a reporting period, according to his campaign. Branstad set the previous record for cash on hand at the end of 2013 when he reported $4.1 million.
Branstad said he was humbled by the support shown by Iowans “who believe in our message of building Iowa's future with new jobs, more economic opportunity, better education for our children, higher family incomes, lower taxes and a more efficient government.”
The campaign reported that 98 percent of the $1.1 million in contributions came from Iowans. Overall, the $4.5 million amassed by the Branstad campaign came from more than 15,000 donors – an average of $300.
So far, Branstad's fundraising numbers have dwarfed those posted by Democratic challenger, Sen. Jack Hatch. At the end of 2013, Hatch reported raising about $447,000 from nearly 400 individuals, about 91 percent of them Iowans. Hatch and his wife, put $140,000 of their own money into the campaign. He had $237,000 cash on hand.
The Hatch campaign plans to release its numbers Monday, a spokesman said.
The governor had hinted Wednesday at a record-breaking number, saying he had told his campaign team he wanted this to be the best campaign he has ever run.
Campaign manager Jake Ketzner said campaign rose to the challenge — not just in fundraising, but in building a grass-roots organization.
“With record-breaking fundraising and more than 2,000 co-chairs in all 99 counties, the strong Branstad-Reynolds organization will be working to elect Republicans up and down the ticket in November,” Ketzner said.
The full report will be available upon filing.
For more, visit www.BranstadReynolds.com.
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