Campaign finance reports for 2Q25 (April 1-June 30 for federal offices, June 6-30 for Governor, Lt. Governor, Attorney General and House of Delegates) are coming in now. See VPAP and below for information as I see it…for candidates and elected officials in Virginia, of course.
Governor of Virginia
- Abigail Spanberger (D): Raised more than $10.7 million in 2Q25 – “the highest amount ever raised in contributions by a statewide Virginia candidate in the second quarter of an election year.” Spanberger raised $4.26 million from 6/6 to 6/30 and has $15.2 million CoH.
- Winsome Earle-Sears (R): Raised $5.9 million in 2Q25 ($2.4 million from 6/6 to 6/30), had $4.6 million CoH.
Lt. Governor of Virginia
- Ghazala Hashmi (D): Raised $1.7 million from 6/6 to 6/30, had $1.3 million CoH.
- John Reid (R): Raised $129k (of which $50k came from Dominion Energy, which is truly appalling), spent $82k, had $163k cash on hand
Attorney General of Virginia
- Jay Jones (D): Raised $2.16 million from 6/6 to 6/30, had $1.24 million cash on hand.
- AG Jason Miyares (R): Raised $4.8 million from 6/6 to 6/30, had $6.95 million cash on hand.
House of Delegates competitive districts
- HD22: Democratic nominee Elizabeth Guzman raised $96k from 6/6 to 6/30 and had $273k CoH; Republican incumbent Del. Ian Lovejoy raised $134k and had $299k CoH.
- HD30: Democratic nominee John McAuliff raised $134k from 6/6 to 6/30 and had $299k CoH; Republican incumbent Del. Geary Higgins raised just $36k and had $250k CoH.
- HD41: Democratic nominee Lily Franklin raised $108k from 6/6 to 6/30 and had $380k CoH; Republican incumbent Del. Chris Obenshain raised $85k and had just $155k CoH.
- HD57: Democratic nominee May Nivar raised $125k from 6/6 to 6/30 and had $129k CoH; Republican incumbent Del. David Owen raised just $34k and had $199k CoH.
- HD64: Democratic nominee Stacey Carroll raised $41k from 6/6 to 6/30 and had $74k CoH; Republican incumbent Del. Paul Milde raised just $4.8k and had $147k CoH.
- HD71: Democratic nominee Jessica Anderson raised $69.4k from 6/6 to 6/30 and had $280k CoH; Republican incumbent Del. Amanda Batten raised just $9.8k (yikes!) and had $272k CoH.
- HD73: Democratic nominee Leslie Mehta raised $59.7k from 6/6 to 6/30 and had $85k CoH; Republican incumbent Del. Mark Earley, Jr. raised $37.4k and had $112k CoH.
- HD75: Democratic nominee Lindsey Dougherty raised $42k from 6/6 to 6/30 and had $50k CoH; Republican incumbent Del. Carrie Coyner raised $86.4k and had $384k CoH.
- HD82: Democratic nominee Kimberly Pope Adams raised $77.2k from 6/6 to 6/30 and had $347k CoH; Republican incumbent Del. Kim Taylor raised $121k and had $123k CoH.
- HD86: Democratic nominee Virgil Gene Thornton raised $15.1k from 6/6 to 6/30 and had $83k CoH; Republican incumbent Del. AC Cordoza raised $45k and had $74k CoH.
- HD89: Democratic nominee Karen Carnegie raised $56.2k from 6/6 to 6/30 and had $61k CoH; Republican nominee Mike Lamonea raised $92k and had $92k CoH.
- HD97: Democratic incumbent Del. Michael Feggans raised $77.2k from 6/6 to 6/30 and had $141k CoH; Republican nominee Tim Anderson raised $70k and had $120k CoH.
VA01
- Rep. Rob Wittman (R): Net contributions $427k; CoH $2.39 million
- Lisa Vedernikova Khanna (D): $144k; CoH $119k
- Amanda Pohl (D): Net contributions $35k; CoH $34k
- Melvin Tull (D):
- Andew Lucchetti (D):
VA02
- Rep. Jen Kiggans (R): Net contributions $580k; CoH $1.45 million.
VA07
- Rep. Eugene Vindman (D): Net contributions $1.56 million; CoH $2.1 million
- Tara Durant (R):
VA10
- Rep. Suhas Subramanyam (D): Net contributions $160k; CoH $203k
VA11
- Candice Bennett (D): Net contributions $26k; CoH $2.7k
- Dan Lee (D): Net contributions $77.3k; CoH $14.3k
- Leo Martinez (D): Net contributions $180.5k; CoH $17.2k
- Amy Papanu (D): Net contributions $96.5k; CoH $780
- Stella Pekarsky (D): Net contributions $88.4k; CoH minus $40k (also, $250k debts and obligations owed)
- Priya Punnoose (D): Net contributions $41.8k; CoH $13.5k
- Amy Roma (D): Net contributions $515k; CoH $198k
- Irene Shin (D): Net contributions $128k; CoH $23.6k
- James Walkinshaw (D): Net contributions $768k (not counting pro-Walkinshaw PACs); CoH $234k
- Stewart Whitson (R): Net contributions $21.3k; CoH $17.8k
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Hashmi Raises Over $2.4 Million in Second Quarter
Fundraising Total is 9x Amount of Republican John Reid
More than double previous record for Q2 raise in a Virginia Lieutenant Governor’s race
RICHMOND – State Senator Ghazala Hashmi (D-Richmond), Democratic nominee for Virginia Lieutenant Governor, raised over $2.4 million in April, May, and June 2025–more than twice the highest amount previously raised by a Virginia Lieutenant Governor candidate in Q2 of an election year.
Hashmi’s fundraising total is over 9 times that of John Reid, her opponent.
Grassroots donors fueled Hashmi’s fundraising success, with over 2,600 individual contributions received in the second quarter. 84% of contributions were for $100 or less. 79% of contributors are within Virginia.
Reid accepted $50,000 from Dominion Energy, more than a fifth of his total. Hashmi has consistently refused contributions from public utilities that are regulated by the General Assembly.
“Across Virginia, voters are ready for new statewide leadership who will protect our rights, our healthcare, our safety and work to make the Commonwealth more affordable. This outpouring of grassroots support makes it clear that Senator Hashmi stands well positioned to continue sharing that message over the next four months, win in November, and deliver that change,” stated Clay Volino, Campaign Manager, Ghazala for Virginia.
VA02
- Rep. Jen Kiggans (R-VA02): Receipts of $931k, expenditures of $506k, Cash on Hand (CoH) of $1.49 million
VA07
- Rep. Eugene Vindman (D-VA07): Receipts of $1.6 million, expenditures of $732k, CoH of $2.1 million
VA11 (Democratic primary was on 6/28)
- Irene Shin (D): Receipts of $141k, expenditures of $118k, CoH of $24k million
Good analysis by former VA Lt. Gov. Bill Bolling (R):
It’s been said that “money is the mother’s milk of politics.” The candidate with the most money doesn’t always win a political campaign, but they usually do.
You can be the most qualified candidate, and you can have the best vision for the future, but if you don’t have the money to communicate your message to the voters it is difficult to win.
If that is true, here’s another indication of how well former Rep. Abigail Spanberger’s campaign for Governor of Virginia is going, and how badly the campaign of Lieutenant Governor Winsome Earle Sears is going.
According to financial reports just filed with the Virginia Department of Elections, Spanberger has raised more than $27 million since declaring her candiacy for Governor, compared to just $12 million for Sears.
More importantly, as the campaign nears the fall stretch, Spanberger has $15 million cash on hand, compared to just $4.5 million for Sears. That means a lot more TV ads in September and October.
This is a huge disparity in fund raising, and it is another indication of the challenge Sears is having in attracting support from Virginia’s business community, which has long been the leading source of funds for Republican candidates.
Barring some unforseen developments in the last three months of the campaign, this will feed the narrative that this is clearly Spanberger’s race to lose.
The major challenge, and perhaps the only real threat for Spanberger, will be energizing the Black vote within the Democratic Party. If she can do that, she could cruise to victory in November.
The other question is what impact a poor performance from Seards will have on the rest of the Republican ticket?
John Reid, the Repblican nominee for Lieutenant Governor; and Jason Miyares, the Republican nominee for Attorney General; may have a better chance of winning than Sears does, but if Sears loses badly enough, it could create an unscaleable mountain for Reid and Miyares.
Unfortuantely, there is not a lot of reason for optimism at this point if you are a member of the GOP.