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The first of eight quarters comprising the 2020 election cycle is now complete and, with that, most of the first Senate financial disclosure reports have been published. Below are the latest available cash-on-hand figures for the 31 in-cycle senators who are seeking re-election.

As you can see, the overwhelming number of incumbents are in strong financial position with Texas Senator John Cornyn (R) having more in the bank than anyone. He will need a large war chest because Texas is such an expensive state.

In 2018, Beto O’Rourke, who was challenging Sen. Ted Cruz (R-TX) before declaring his presidential candidacy, raised over $80 million, some $34 million more than his incumbent opponent. Combined, the two banked over $125 million, not counting substantial independent expenditures that helped both men.

Not surprisingly, Senate Majority Leader Mitch McConnell (R-KY) raised more money than anyone else in the first three months of 2019, some $7.991 million, exceeding Sen. Cornyn by just over $200,000.

The low-end senator is rather surprising, since she is again likely headed for a competitive campaign. Posting numbers that would even be low for a U.S. House race, Sen. Cindy Hyde-Smith (R) raised only $232,239 for the quarter and has just $218,703 in the bank.

The senator is again expected to face former U.S. Agriculture Secretary and ex-Mississippi Congressman Mike Espy (D). The two battled each other in the 2018 special election, with Sen. Hyde-Smith prevailing 54-46 percent in the November 27 runoff. Ms. Hyde-Smith was appointed to fill the balance of Sen. Thad Cochran’s (R) final term.  Mr. Cochran resigned his seat due to health reasons.

All of the following figures are current through 03/31/19 with the exception of four senators: Cory Booker (NJ), Mike Rounds (SD), Ben Sasse (NE), and Tina Smith (MN). It is probable all reports were filed, but the Federal Election Commission has not yet published their numbers. Sen. Booker’s first-quarter fundraising is for his presidential effort, which is unofficially reported to exceed $5 million.

Below are the financial numbers from highest cash-on-hand senator to the lowest:

 STATE

      INCUMBENT

Cash-on- Hand
(3/31/19)

TX

John Cornyn (R)

$7,407,942

KY

Mitch McConnell (R)

$5,569,222

SC

Lindsey Graham (R)

$4,619,235

VA

Mark Warner (D)

$4,155,337

ME

Susan Collins (R)

$3,807,811

MA

Ed Markey (D)

$3,536,133

LA

Bill Cassidy (R)

$3,448,675

CO

Cory Gardner (R)

$3,414,514

GA

David Perdue (R)

$3,282,091

AL

Doug Jones (D)

$3,094,916

MI

Gary Peters (D)

$3,056,598

NC

Thom Tillis (R)

$2,920,475

AR

Tom Cotton (R)

$2,831,908

IA

Joni Ernst (R)

$2,815,962

MT

Steve Daines (R)

$2,547,795

IL

Dick Durbin (D)

$2,433,345

AZ

Martha McSally (R)

$2,108,915

AK

Dan Sullivan (R)

$2,042,051

OR

Jeff Merkley (D)

$1,902,741

RI

Jack Reed (D)

$1,803,356

NH

Jeanne Shaheen (D)

$1,521,776

NE

Ben Sasse (R)

$1,361,057*

NJ

Cory Booker (D)

$1,340,448*

WV

Shelley M. Capito (R)

$1,201,127

ID

Jim Risch (R)

$1,157,171

DE

Chris Coons (D)

$1,063,646

OK

Jim Inhofe (R)

$887,344

WY

Mike Enzi (R)

$544,216

SD

Mike Rounds (R)

$511,538*

MN

Tina Smith (D)

$433,782*

MS

Cindy Hyde-Smith (R)

$218,703

  * First quarter figures not yet published – numbers through 12/31/18 for Booker, Rounds, Sasse, T. Smith

This is a commentary submitted and published with the author’s permission. If you wish to submit a commentary to Texas Scorecard, please submit your article to [email protected].

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