(CNN) - The Republican Governors Association raised $9 million in the first quarter of 2010 and has $31 million cash on hand, an RGA official told CNN Thursday morning. The RGA's fundraising totals are expected to be officially released later in the day.
The RGA's counterpart, the Democratic Governors Association, says they raised a record $8 million in the first three months of the year. The DGA also reported Wednesday that they have $22 million in the bank.
"Our donors are giving because this election cycle will shape our political landscape for a generation to come. Even in a tough fundraising climate, our donors know this is an historic election, and they've stepped up to make sure we have the resources to compete," said Delaware Gov. Jack Markell, who is chairman of the DGA.
Thirty-seven states hold elections for governor this November. The Democrats are defending 19 seats and the GOP is defending 18.
UPDATE: "The smart money is with the RGA this year," says RGA executive director Nick Ayers, in the organization's just released e-mail on fundraising.
Back in February, following a major fundraising dinner in the nation's capitol, the RGA reported raising $13.5 million in the first seven weeks of 2010, a number much higher than the first quarter total reported Thursday morning.
"Like any fundraising event the gala event included firm pledges, so Democrats should know there is a lot more money on the way," RGA spokesman Mike Schrimpf tells CNN.
- CNN's Mark Preston and Paul Steinhauser
It looks like big corporations still have enough money left to buy the republican governor's elections.
I'm sure the Governors Association is just as corrupt as the national party.
I suspect the fiscally responsible Republicans will blow it by partying at strip clubs. The GOP has turned into the GOPA (Grand Old Party Animals).
The new SCOTUS ruling is paying off for the GOP ready
I agree with the conservative leader telling donors to stop giving to RNC,Michael Steele and those morons of the Republicans party are not thinking of the people who in need of help or for our America to be on top again, they are only for themself, so please America open your eyes the Republicans are not working for you. CNN please stop giving that woman Palin air time, CNN you are helping spread the lies, hate, and violence around by continueing to report of this hateful woman.I used to be a fan now I am very unhappy with your constance reporting of Palin.
It really gets old......having to choose the lesser of 2 evils.
As with all politics, this is so overblown it is stupid. Our politics is same-ol'-same old. Obama is is doing a very reasonable job. It is the pettiness of congress that is so annoying. As someone who is philosophically more of a conservative, I will be voting a for nothing but democrats until the conservative movement recognizes that logic and reason should guide policy and they stop their holier than thou, hypocritical, pseudo-religious fantasia.
No, your donors are giving because they are the rich among us! Plain and simple. The rest of us have been dealing with trying to pull out of the wreckage that the GOP created! Food and health insurance have a bigger priority for our base. Keep tossing your bucks to the wind; you're goners.
And, the Rs will need every penny to convince people they actually have a plan for average Americans.
Let's do America a favor and outlaw political parties. They only cause division and waste. Let's pursue making America better.
Vote for the candidate and not the party!!!!!!