RGA Possesses Record-Breaking $87.5 Million; Most Cash On Hand In Group’s History

July 17, 2018

RGA Holds Significant 5-1 Cash On Hand Advantage Over DGA

WASHINGTON D.C. – The Republican Governors Association announced today a record-breaking amount of cash on hand with $87.5 million in the bank, the most cash on hand in the history of the organization. This figure is nearly five times the amount of the current cash on hand estimated to be held by the Democratic Governors Association, which currently holds around $18 million, and is significantly more than the $70 million cash on hand that the RGA held at this same time in 2014.

The RGA announced yesterday that it had raised $26.6 million in the second quarter of 2018, bringing its total fundraising haul for the 2018 cycle thus far to $113 million. These figures, along with our record cash on hand number, put RGA in a much stronger position than Democrats to impact gubernatorial elections this November.

“The RGA’s record-breaking cash on hand number gives us the ability to make a significant impact in 2018’s gubernatorial elections,” said RGA Executive Director Paul Bennecke. “With these resources, the RGA will hold Democrat gubernatorial candidates accountable for their reckless plans to raise taxes, roll back pay raises and bonuses, and kill jobs. These funds will be used to ensure voters know the truth about their radical policies.”

Bennecke continued, “We’ve been preparing for 2018 for nearly four years by methodically reserving resources for the final 100 days. We covered all operating expenses for the entire 2017-2018 cycle by the end of 2016, so that 100% of the funds we raise this cycle will be spent on voter contact to elect our candidates. The DGA doesn’t even have enough money in the bank to cover their operating and fundraising costs, let alone their pre-book television ad buys that they previously announced earlier this year. Television stations who have worked with the DGA should be nervous and would be wise to ask them to lay down cash now to ensure their reservations.”