Republican Jeff Johnson and Democrat Tim Walz are on even financial footing as they enter the homestretch of their contest for governor with about $1 million in cash each, while both political parties have already raised and spent big sums on the battle for control of the Legislature.
Johnson, the surprise winner of the Republican primary against former Gov. Tim Pawlenty, has seen a surge in fundraising for his campaign for governor since late July, raising nearly $1.3 million in the last three months according to new campaign finance filings made public Wednesday.
"Clearly Minnesotans have rallied behind our campaign," Johnson said in a statement.
Walz, a congressman from the First Congressional District who hopes to succeed two-term DFL Gov. Mark Dayton, also raised $1.3 million in the same period. Walz said in a statement that "Minnesotans from all walks of life are showing up and joining our movement to unite our state."
What remains to be seen is the role of all-important outside groups, such as corporations, labor unions and wealthy Twin Cities donors — of both conservative and liberal leanings — and where they decide to put their money in one of the most consequential Minnesota elections in years.
While national groups are spending millions on four competitive U.S. House races that could tip control of Congress, the State Capitol has also emerged as a major battleground. Both parties are focused on the race for governor, the Minnesota House and a special election that will determine who controls the Minnesota Senate, which is currently evenly split 33-33.
Both Johnson and Walz face spending caps they agreed to in exchange for taking a public subsidy for their campaigns. Walz cannot exceed about $5 million in spending, while Johnson, having run in a statewide race before, is capped at $4.5 million. Johnson, who did not raise or spend significant funds during his primary race, has more room to spend freely in the homestretch. Walz has already spent $2.7 million. Johnson has spent just shy of $900,000.
Both candidates are also constrained by contribution limits, which are $4,000 to a candidate for governor.