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.

Smith is the representative for Wisconsin State Senate District 31 and is running for re-election in 2022. Smith raised $219,569 and spent $41,950 between Jan. 1, 2021, and July 25, 2022. According to Wisconsin Ethics Commission reports, Smith spent the most money with the following individual payees and PACs.

In Wisconsin, the Democratic Party of Wisconsin (DPW) Segregated Fund has raised more than any other non-candidate political action committee (PAC) in the 2022 election cycle so far. According to the most recent campaign finance reports filed with the Wisconsin Ethics Commission, the DPW Segregated Fund raised $12.45 million and spent $XX million between Jan. 1, 2021 and Mar. 21, 2022.