While campaign finance is not the only factor in electoral outcomes, successful fundraising can provide a candidate with advantages during a campaign. Fundraising can also indicate party momentum.

In Arizona, state-level candidates have spent $100 million between Jan. 1, 2021, and Oct. 22, 2022. Democratic candidates have spent $29.8 million and Republican candidates have spent $69.8 million. 

Bolding is the representative for Arizona House District 27 and was a candidate for Arizona Secretary of State in 2022. Bolding raised $518,016 and spent $415,772 between Jan. 1, 2021, and June 30, 2022. According to Arizona Secretary of State reports, Bolding spent the most money with the following individual payees and PACs.