Republican Indiana Gov. Eric Holcomb ended 2018 with $4 million cash-on-hand, a number that exceeds the cash-on-hand totals of all previous governors at the conclusion of their second year in office, according to a Thursday release by Holly Gillham Lawson, press secretary for Holcomb's campaign.
Additionally, Lt. Governor Suzanne Crouch ended the year with $815,000 in her account, above the $750,000 projected cash-on-hand balance.
“Previously, it was reported that Eric Holcomb for Indiana would end the year with $3.6 million cash-on-hand, which itself would have been a record total for the close of a governor’s second year in office,” stated Lawson.
Holcomb's campaign war chest will come in handy as the governor eyes a potential a run for a second term in 2020.
“That record-breaking bar was raised even higher with a late December surge coming as a result of additional contributions from supporters of the governor, and a modest re-balancing transfer from the Indiana Republican Party. This was the first transfer made by the state party to the governor’s campaign committee since the formation of Team Holcomb, a joint fundraising committee of Eric Holcomb for Indiana and the Indiana Republican Party, almost two years ago,” stated Lawson.
Additionally, the Indiana Republican Party ended the year with $930,000, a full $100,000 more than last year’s total, according to a Friday press release from Pete Seat, executive director of strategic communications and talent development for the Indiana Republican Party.
“The Team Holcomb model benefits both the Indiana Republican Party and Eric Holcomb for Indiana as it allows the entities to raise funds jointly and disburses those funds based on a pre-determined, but adjustable, formula. Currently, Team Holcomb contributions are evenly split between the two organizations and that allocation will continue this year,” stated Seat.