State-level midterm election fundraising on track to exceed $7 billion

State candidates, party committees and ballot measure committees for 2021 and 2022 elections are projected to raise more than $7 billion, a new OpenSecrets analysis of state-level campaign finance disclosures projects. 

Although more difficult to predict, expenditures by those same three groups could approach $7 billion, likely surpassing the estimated 2018 midterm spending record of $6.6 billion, adjusted for inflation. 

“As with federal races, money flowing into state elections has skyrocketed in recent years — and 2022 ups the ante again. With so many governors up for election this year,...