Virginia Gov. Glenn Youngkin (R) set a fundraising record with his PAC in the first quarter of the year, but Democrats statewide have more cash than GOP rivals.
Here are three takeaways about the political state of play in Virginia from the first-quarter campaign finance reports:The multimillionaire former co-CEO of the Carlyle Capital Group private equity fund reported that his Spirit of Virginia PAC raised nearly $2.7 million for the first three months of the year.That’s by far the most ever raised by a Virginia governor for a comparable period, according to VPAP.
His largest single donation so far is $250,000 from an organization called Third Street Philadelphia Holding. The report filed with the state Department of Elections lists an address in a downtown Philadelphia building but provides no further information about the group. The PAC’s other six-figure donors were Mark J. Styslinger, an executive with an Alabama-based company that makes heavy equipment, who gave $100,000; and Tiger Lily Capital, a Charlottesville based private investment firm, which also gave $100,000.Democratic candidates for Senate report an aggregate of nearly $12.6 million in cash on hand as of April 15, while Republican candidates report almost $7.1 million in the bank, according to VPAP.
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