(CNN) – The Democratic and Republican Governor's Associations both said Monday that they had broken their own one-year fundraising records, though the GOP is headed into the New Year with the clear financial advantage.
The DGA raised just over $23.1 million in 2009, the organization announced, and currently holds $17.5 million cash-on-hand. The group says its cash-on-hand figure is nearly 12 times as much as it had during the same period in 2010.
Republicans, meanwhile, raised $30 million in 2009, and begin 2010 with $25 million cash-on-hand. That record-breaking figure comes on the heels of gubernatorial victories for the GOP in Virginia and New Jersey.
The RGA is in a significantly healthier position than it was at this point in 2006, when the organization only had $4 million cash on hand.
Story updated at 4:10 p.m. EST