Urbandale, IA – Gov. Terry Branstad and Lt. Gov. Kim Reynolds today announced they will report over $4.1 million cash-on-hand when their campaign disclosure report is filed prior to the January 21, 2014, deadline. Additionally, the Branstad-Reynolds campaign announced it had raised over $3.4 million in 2013.
The year-end balance represents the largest ever by a candidate for governor in Iowa at the end of a reporting period. The previous record for cash-on-hand at the end of a reporting period was held by former Gov. Chet Culver who had $3,225,600 on May 19, 2010.
“We set an ambitious goal of having $4 million cash-on-hand at the end of 2013, and we’re pleased to have exceeded it by over $100,000,” said Branstad. “Lieutenant Governor Reynolds and I are humbled by Iowans’ continued confidence in our work to bring jobs and economic development to Iowa, restore our leadership position in education, increase family incomes, reduce taxes and cut the size and cost of government.”
“Though we’re pleased with the progress we’ve made to bring 137,000 jobs to Iowa and reduce Iowa’s unemployment rate to the fifth lowest in the nation at 4.4 percent, Governor Branstad and I know there is more work to do and we remain focused on building Iowa for the future through stability and predictability in governing,” said Reynolds.
The Governor Branstad Committee is starting 2014 with $1.5 million more than former Gov. Chet Culver had at this same time in 2010.
“A record-setting fundraising period demonstrates the broad support Governor Branstad and Lieutenant Governor Reynolds enjoy across Iowa, but our campaign’s focus is – and will continue to be – building the strongest grassroots campaign in the history of Iowa Republican politics,” said Branstad-Reynolds campaign manager Jake Ketzner. “With a superior organization in place, the Branstad-Reynolds campaign will work to elect Republicans up and down the ticket in November.”
The campaign will report a debt-free campaign with 94% of donations from Iowa.
The full report will be available to the public upon filing.