Pennsylvania Gov. Josh Shapiro begins re-election year with $30 million on hand

Governor Josh Shapiro's campaign reported more than $30 million cash on hand at the end of 2025 and said it raised over $10 million in the fourth quarter of 2025.

Pennsylvania Governor Josh Shapiro announced that his campaign ended 2025 with more than $30 million on hand as he seeks a second term in 2026. His campaign reported raising over $10 million in the fourth quarter and more than $23 million over the full year. The campaign described this as the most money raised and the most cash on hand of any gubernatorial campaign in Pennsylvania history. Shapiro has also been mentioned as a potential 2028 Democratic presidential contender. Key facts: - The campaign reported more than $30 million in cash on hand at the end of 2025. - Shapiro's campaign said it raised over $10 million in the fourth quarter and north of $23 million during 2025. - The campaign characterized the totals as the highest-ever for a Pennsylvania gubernatorial campaign. - State Treasurer Stacy Garrity is likely to be the Republican opponent, and much of Pennsylvania Republican infrastructure has coalesced behind her. - An October Quinnipiac poll reported 60% approval for Shapiro and 58% favorability, showing a 16-point lead over Garrity in that survey. - Shapiro is reported to be supporting several Democratic House candidates in battleground districts and contesting a handful of state Senate seats. Summary: The campaign's reported fundraising and cash-on-hand figures frame Shapiro's early positioning for the 2026 gubernatorial race and his efforts to support down-ballot Democratic contests. The likely general election opponent is named in reporting, and the campaign enters 2026 with these fundraising figures as the next election cycle unfolds.