For a state with just four congressional districts, the Iowa Governor’s race is attracting major financial resources according to the latest state financial disclosure report. Incumbent Gov. Kim Reynolds (R) has so far raised $3.7 million and carries $4.1 million as cash-on-hand. Her Republican primary opponent, Cedar Rapids Mayor Ron Corbett showed income of $844,000 with cash reserves of $579,000.
Big money is flowing on the Democratic side, both in terms of fundraising and candidate contributions with three candidates already exceeding the $1 million mark for the June primary. Businessman Fred Hubbell raised $2.9 million and has $1.2 million in the bank. Service Employees International Union official Cathy Glasson also cracked the $1 million barrier, bringing in $1.3 million, and now has $729,000 in her campaign account. State Sen. Nate Boulton (D-Des Moines) also broke into seven figures, raising $1.1 million with $481,000 remaining.
The early activity suggests that we will see a competitive general election after a hotly contested Democratic primary is decided.
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