New Senate $ Figures

By Jim Ellis

April 18, 2019 — The first of eight quarters comprising the 2020 election cycle is now complete and, with that, most of the first Senate financial disclosure reports have been published. Below are the latest available cash-on-hand figures for the 31 in-cycle senators who are seeking re-election.

As you can see, the overwhelming number of incumbents are in strong financial position with Texas Sen. John Cornyn (R) having more in the bank than anyone. He will need a large war chest because Texas is such an expensive state.

In 2018, Beto O’Rourke, who was challenging Sen. Ted Cruz (R-TX) before declaring his presidential candidacy, raised over $80 million — some $34 million more than his incumbent opponent. Combined, the two banked over $125 million, not counting substantial independent expenditures that helped both men.

Not surprisingly, Senate Majority Leader Mitch McConnell (R-KY) raised more money than anyone else in the first three months of 2019 — some $7.991 million, exceeding Sen. Cornyn but by just over $200,000.

The low-end senator is rather surprising, since she is again likely headed for a competitive campaign. Posting numbers that would even be low for a US House race, Sen. Cindy Hyde-Smith (R) raised only $232,239 for the quarter and has just $218,703 in the bank.

The senator is again expected to face former US Agriculture Secretary and ex-Mississippi congressman, Mike Espy (D). The two battled each other in the 2018 special election, with Sen. Hyde-Smith prevailing 54-46 percent in the Nov. 27 run-off. Hyde-Smith was appointed to fill the balance of Sen. Thad Cochran’s (R) final term. Cochran resigned his seat due to health reasons.

All of the following figures are current through March 31, 2019, with the exception of four senators: Cory Booker (NJ), Mike Rounds (SD), Ben Sasse (NE), and Tina Smith (MN). It is probable all reports were filed, but the Federal Election Commission has not yet published their numbers. Sen. Booker’s 1st-quarter fundraising is for his presidential effort, which is unofficially reported to exceed $5 million.

Below are the financial numbers from the highest
cash-on-hand senator to the lowest:

 
STATE
 
INCUMBENT
CASH-ON-HAND
(MARCH 31, 2019)
TEXAS John Cornyn (R) $7,407,942
KENTUCKY Mitch McConnell (R) $5,569,222
SOUTH CAROLINA Lindsey Graham (R) $4,619,235
VIRGINIA Mark Warner (D) $4,155,337
MAINE Susan Collins (R) $3,807,811
MASSACHUSETTS Ed Markey (D) $3,536,133
LOUISIANA Bill Cassidy (R) $3,448,675
COLORADO Cory Gardner (R) $3,414,5
GEORGIA David Perdue (R) $3,282,091
ALABMA Doug Jones (D) $3,094,916
MICHIGAN Gary Peters (D) $3,056,598
NORTH CAROLINA Thom Tillis (R) $2,920,475
ARKANSAS Tom Cotton (R) $2,831,908
IOWA Joni Ernst (R) $2,815,962
MONTANA Steve Daines (R) $2,547,795
ILLINOIS Dick Durbin (D) $2,433,345
ARIZONA Martha McSally (R) $2,108,915
ALASKA Dan Sullivan (R) $2,042,051
OREGON Jeff Merkley (D) $1,902,741
RHODE ISLAND Jack Reed (D) $1,803,356
NEW HAMPSHIRE Jeanne Shaheen (D) $1,521,776
NEBRASKA Ben Sasse (R) $1,361,057*
NEW JERSEY Cory Booker (D) $1,340,448*
WEST VIRGINIA Shelley M. Capito (R) $1,201,127
IDAHO Jim Risch (R) $1,157,171
DELAWARE Chris Coons (D) $1,063,646
OKLAHOMA Jim Inhofe (R) $887,344
WYOMING Mike Enzi (R) $544,216
SOUTH DAKOTA Mike Rounds (R) $511,538*
MINNESOTA Tina Smith (D) $433,782*
MISSISSIPPI Cindy Hyde-Smith (R) $218,703

*1st Quarter figures not yet published; numbers are through Dec. 31, 2018 for Booker, Rounds, Sasse, T. Smith

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