Gov. Pat Quinn is sitting pretty with $8.8 million in his campaign warchest as he heads into battle against Republican challenger Bruce Rauner.
Quinn's war chest swells to nearly $9 million as Rauner recovers
Gov. Pat Quinn is sitting pretty as he heads into the November general election with a huge fund-raising advantage over his multi-millionaire rival Bruce Rauner who was forced to burn through the majority of his cash in the first quarter of the year.
Rauner's campaign Tuesday announced the political newcomer raised more than $9 million in the first three months of 2014, before clinching the GOP gubernatorial nomination in March.
However, Rauner also spent nearly all of that cash -- heading into the second quarter with $1.3 million to Quinn's $8.8 million.
Quinn raised just shy of $5 million in that same time period, according to his campaign, and thanks to an easy primary, he didn't have to tap the funds as of yet.
Campaign records show that Rauner spent nearly $6 million on TV ads over the last three months, which helped him clinch the four-way primary contest. Having earned more than $50 million in one year alone, the Winnetka venture capitalist is capable of pouring more money into his own candidacy as the race moves forward.
Of the more than $9 million Rauner raised in the last quarter — more than half, $5.3 million — came from Rauner's own pocket, according to campaign spokesman Mike Schrimpf.
Rauner's campaign said it is carrying $1.3 million into the second quarter of the year and says that 60 percent of its donations come from contributions of $100 or less.
Rauner is locked in a general election battle with Gov. Pat Quinn, who hasn't had to burn through cash with no formidable opponent in the primary race.
Rauner has tapped his own millions -- spending more than $6 million from his own bank account -- since he announced his candidacy in 2013. He's also had the ability to tap into an elite club of Illinois billionaires, including more than $500,000 from billionaire Ken Griffin.