Millions flowing into race for Iowa Governor


There is no shortage of funding for several candidates for governor, as Democrats and Republicans both report pulling in millions of dollars in campaign donations. That does not include the millions in outside money expected to flow in to support various candidates and causes. With the state's filing deadline approaching later this week, some of the leading candidates have already reported their current financial situation in an effort to signal strength in their campaign.

It comes as little surprise that Governor Kim Reynolds is reporting the largest war chest for her election bid, reporting more than $4 million in donations to her campaign. Governor Reynolds, who is seeking her first full term in office, faces a challenge from two Republicans also seeking the party's nomination. Former Cedar Rapids Mayor Ron Corbett is reporting more than $850,000 raised for his campaign and claims another quarter million is already pledged on top of that. Boone city council member Steven Ray currently trails both candidates significantly in fundraising efforts, raising just $3,000.

In a statement to CBS2/FOX28 News, the Ray campaign blamed big money aligned with Governor Reynolds as the reason for the lack of funds. Cory Crowley, a spokesperson for the Corbett campaign, also boasted of the former Mayor's small-scale effort to challenge the sitting Governor. "Ron also pledged to run this campaign with no special interest money and with no money from the DC swamp." Said Crowley. "Where Governor Reynolds has gotten more than a million dollars." A release from the Reynolds campaign said 95% of donations come from Iowa and 75% were donations of $250 or under.

On the Democratic side of the race, there are seven men and women seeking the party's nomination. At least three candidates appear poised for a prolonged and costly campaign to the primary in June. Friday, Des Moines businessman Fred Hubbell released financial details showing more than $3 million raised since May. In a statement, the Hubbell campaign reported 81% of contributions came from Iowa and 99.8% came from individual donors. Hubbell has been out front of the other candidates, already weeks into spending on TV and radio ads.

In a statement to CBS2/FOX28, State Senator Nate Boulton reported raising more than $1.3 million since May 2017. A spokesperson also boasted of more than 2,000 individual donors, many donating more than once, and nearly 90% of all donations below $100. Earlier this week, Boulton launched his first campaign ad in the race for Governor.

Cathy Glasson also plans to launch her first ads in the coming days. Although no financial data was provided, reports indicate the Glasson campaign is set to receive nearly $2 million in support from various unions, both in Iowa and outside of the state. Glasson's first TV ads are calling for Iowa to enact universal health care. Four other candidates in the democratic race did not provide financial updates ahead of the deadline.

Because of the votes received for the party's presidential candidate in 2016, the Libertarian Party is now considered a major party in Iowa for 2018. Two candidates are vying for the Libertarian nomination for Governor. The Jake Porter campaign tells CBS2/FOX28 they've raised or spent about $10,000 and launched their first radio ad. A spokesperson for the Mario Battaglia campaign says they have not raised enough funds to require them to file disclosure forms.

With the primary election now less than five months away, the frequency of television ads will begin to slowly increase as more candidates prepare to spend money on the airwaves. Look for updates on fundraising efforts as disclosure forms are made available later this week.

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