In Florida, state-level candidates spent $20.5 million between Jan. 1, 2021, and Mar. 31, 2022. Democratic candidates spent $5.7 million and Republican candidates spent $12.3 million. 

Less than one year into a new administration, speculation is already in full swing for the 2024 presidential election. While no politician seems to have escaped the rumor mill, political spectators have honed in on two prominent state leaders who may be positioning themselves for a spot on the Republican ticket.   

Campaign finance requirements govern the raising and spending of money for political campaigns. While not the only factor in an election’s outcome, successful fundraising can provide a candidate with advantages, such as the ability to boost name recognition and promote a message. In addition, fundraising can indicate enthusiasm for candidates and parties.