While campaign finance is not the only factor in electoral outcomes, successful fundraising can provide a candidate with advantages during a campaign. Fundraising can also indicate party momentum.

According to the most recent campaign finance reports filed with the Pennsylvania Department of State, Pennsylvania Attorney General Josh Shapiro has raised $20.5 million and spent $7.7 million between Jan. 1, 2021 and May 6, 2022. Shapiro, who is the Democratic nominee for Pennsylvania governor, has received the most donations of any state-level candidate in the 2022 election cycle.

The stakes were particularly high for the 2020 elections, and not just for the presidency. At the state-level, some of the most closely watched races were Democratic efforts to flip swing state legislatures blue and take control of the upcoming redistricting process.