New Britain Mayor Erin Stewart announced her exploratory campaign for governor on Jan 28th, 2025, at New Britain City Hall. Source: Connecticut Public Radio

Table of Contents

Overview

Fundraising reports for Q3 were due in early to mid-October for both statewide candidates and candidates for federal office. Finance reports give credentials to more serious candidates, demonstrating they have funds for increasingly expensive primary campaigns, and for candidates to demonstrate they are the ones to take the mantle for the party.

Q3 Finance Reports allow voters to see how candidates for governor are faring, including what is looking like a competitive Republican primary between New Britain Mayor Erin Stewart and State Senator Ryan Fazio. We will also look at State Rep. Josh Elliott’s campaign for governor.

Additionally, we are looking to see how viable Democratic primary challengers to Rep. John Larson are in CT-01.

Q3 Republican Primary for Governor Fundraising

Erin Stewart – $102,000
Overall Campaign – $350,000+

Ryan Fazio – $157,769

Republican Primary Governor Discussion

When Fazio launched his campaign, I was curious how the Republican coalitions would react around the state. Would they split between Stewart and Fazio, or would they consolidate behind Stewart? Based on fundraising and endorsements, it seems to be the former.

Fazio now has the most money raised by a Republican for a single quarter in the history of the state’s Citizens’ Election Program for public financing. Though a very specific accomplishment that may not mean a lot in the long run, it shows that he is able to raise enough money to compete against Stewart.

He has raised money from more than 1,000 individuals across 114 towns across the state.

The race has turned into a head-to-head, as Westport Selectwoman Jennifer Tooker dropped out of the race last month, after struggling to raise funds. She did not rule out running for another office on the ballot, however.

Stewart’s exploratory campaign has raised over $350,000 since her entry into the race in late January. She is still the frontrunner, as she has far more name recognition than Fazio. Her run for Lieutenant Governor in 2018 and being a mayor for more than a decade mean voters are more familiar with her. She has also been expected to run for governor for years, keeping her name in conversations for a long time.

The question still is, who can win over MAGA voters? Stewart and Fazio have both expressed support for Trump. Stewart told members of the Republican State Central Committee in April that her campaign would get the endorsement.

Fazio, in particular, made it a point not to mention Trump in his campaign last year in his Harris +16 state senate seat. That’s not too surprising, but Fazio has been more willing to talk about Trump while pursuing statewide office. He told guests at a fundraiser for Republican candidate for New Haven Mayor Steve Orosco last month that he voted for Trump, but emphasized a focus on local issues. Fazio’s endorsements from the state legislature, including firebrand Rob Sampson, show that Fazio also has some institutional support from conservative

As we have mentioned before, both Fazio and Stewart are aware of the power of a Trump endorsement, even in a blue state like Connecticut. In addition to how the CT Republican Party has failed to get their preferred candidates over the line in a Republican primary. Trump’s late endorsement of businesswoman Leora Levy in the 2022 US Senate Race gave her the necessary boost to beat out State House Minority Leader Themis Klarides.

Fundraising has shown it will be a competitive race, as we head into next year, we will get a clear look to see at how voters feel between the two candidates.

Q3 Democratic Primary Governor Fundraising

Josh Elliott – $45,834

Is Elliott Viable against Lamont?

State Rep. Josh Elliott has raised just above $45,000 in his campaign for governor. Governor Ned Lamont has not confirmed he would run for a 3rd term, though he is expected to announce his campaign after local elections on November 4th.

Lamont garnered the ire of statewide progressives when he vetoed two bills, one that would provide funds for striking workers, and an affordable housing bills over concerns about how local control would work. Progressives, angry about the bill that was expected to pass, told the media that Lamont would get a challenge from the left.

Elliott, who entered the race in July, has not garnered a lot of attention in his bid, however. Though there is still plenty of time before the late-summer primary, Lamont’s veto did not lead to an overwhelming string of donations protesting him.

A poll from UNH in September demonstrated some of Elliott’s struggles. 71% of voters did not know about him to give an opinion. And the ones that did, his approval was -6, with 5% approval, 11% unfavorable.

Polling has shown that Lamont is still popular, with the same UNH poll showing Lamont with a +18 Job Approval rating.

Elliott also needs to change the narrative, as only 20% of voters said that Lamont’s views were to the right of their own. This included a majority of both socialists (82%) and progressives (53%). On the question if Lamont deserves to be re-elected, it was 43% yes, 40% no. But 62% of Democrats said that Lamont deserves to be re-elected, only 19% said he doesn’t.

It is important to note that this was only one poll, but it reinforces the narrative that Lamont will be difficult to beat.

What Josh Elliott still has in his favor is some support from the state legislature, notably from many other progressives. Looking through his donation list, Elliott has received donations from 1 state senator and 11 state representatives.

The list includes

State Sen. Saud Anwar (D-South Windsor)
State Rep. Mary Fortier (D-Bristol)
State Rep. Nick Gauthier (D-Waterford)
State Rep. Eleni Kavros DeGraw (D-Avon)
State Rep. Sarah Keitt (D-Fairfield)
State Rep. Renee Muir (D-Deep River)
State Rep. Jillian Gilchrest (D-West Hartford)
State Rep. Laurie Sweet (D-Hamden)
State Rep. Robin Comey (D-Branford)
State Rep. Frank Smith (D-Milford)
State Rep. Anne Hughes (D-Easton)
State Rep. Mary Welander (D-Orange)

The 2026 Environment

The 2026 environment for Democrats seems to be leaning more towards anti-establishment/anti-incumbent. There is definitely an energy for a more aggressive posture from some Democrats. But Elliott needs to find a way to garner more attention, either through social media or otherwise. He also needs to find more national or statewide groups to endorse him, as they might be able to help him out with fundraising. It might be a long shot, but even trying to get an endorsement from a progressive member in Congress. Anything to bring some momentum and attention to his campaign.

Elliott will need a lot of money if he faces the wealthy Lamont. Elliott did tell the New Haven Independent in an interview in early September that he has enough delegates to force a primary and that Lamont is not as popular as people believe. He also mentioned he won’t pursue a primary “if he fails to win the convention outright”. He noted he promised his family that he wouldn’t go through a Line B candidacy unless the results are close.

It’s hard to say how much it matters if Elliott does not fully commit to a primary. It is not uncommon for legislators to form exploratory committees and not go to the primary if they don’t think they can win. Elliott faced the same issue when he ran for Secretary of State in 2022. Once he lost at the convention and didn’t have enough delegates to make the primary. Elliott was able to run for his state house seat, as town committee endorsements for his state house seat took place after the convention. A similar thing can happen in 2026.

Elliott also said he didn’t want to risk his legislative position in the State House, so we will see if the race gets closer for Elliott to change his mind.

Q3 Fundraising Democratic Primary in CT’s 1st Congressional District

Luke Bronin – $1,192,798 (In 8 Weeks)
John Larson (Inc.) – $804,557
Jillian Gilchrest – $54,392 (In 4 Weeks)
Ruth Fortune – $41,353
Jack Perry – $28,810 (Did Take Out a $500k Loan) (9 Weeks)

Bronin Emerging as Main Challenger

Bronin’s fundraising brought him ahead of incumbent John Larson. Both have been trading barbs with each other.

Bronin has attacked Larson for taking PAC money and encouraged him not to do so. Larson has attacked Bronin for not actually representing a change at all. Larson and his team continue to say that Larson is the best person to represent the district.

He hasn’t exactly been enthusiastic about the prospect of fundraising. Something he hasn’t been forced to do for decades. He has complained that the money spent in Connecticut should be spent in swing districts across the country, not wasted here.

Bronin, however, raised $500,000 on the first day of his campaign and over a million for the quarter, putting him on par with many competitive campaigns across the country. With his fundraising, Bronin has established himself as Larson’s primary challenger.

Larson received $495,057 from individuals. He raised the additional $309,500 from PAC money. Bronin has raised all of his money from individuals. He has not spent much of his money yet.

Larson’s fundraising is expected to increase in Q4, and Bronin said he will likely be behind. He did say early fundraising shows “we’re going to have what we need to compete and make a powerful case for change,”.

Jillian Gilchrest’s Op-Ed

State Rep. Jillian Gilchrest said in a statement, “This fundraising pissing contest doesn’t surprise me, but bragging about how much money you can drag into politics is completely out of touch.” She also marked how the money should be used for other causes. She spent her first month in the race talking to voters.

Her comments did make sense, considering her paltry $54,000 fundraising. The amount is not nearly enough for a competitive Democratic primary in the Hartford Media market.

Though Gilchrest makes good points about the issues of how expensive it is to run for office. She also brought up the importance and need of public financing in Congressional Campaigns. Both her major opponents, Larson and Bronin, said they agree that the system needs to be reformed.

In her Op-Ed, Gilchrest notes that she would not have been able to run for office, especially against a 23-year incumbent, without Connecticut’s public financing system, the Citizens’ Election Program. She explains how the wealthy control our government, and the continuation of corruption, and how billionaires avoid paying taxes, making the rest of us pay more. Gilchrest also said she understood the importance of fundraising as a means to compete, but she won’t run playing by “old rules that got us in this mess in the first place”. She will raise money in a way that fits the character of the campaign.

Gilchrest has noted that instead of fundraising, she has spent her time going around the district and talking with residents. She did not ask people for money during her conversations, marking to change how politics works, “we need to elect people who think about politics differently”.

This contrasts with Bronin’s approach so far. Bronin isn’t a progressive insurgent in the mold of Gilchrest or Elliott, but he’s playing the traditional political game effectively — raising large sums quickly, cultivating credibility with national donors, and leveraging institutional networks. He’s not rejecting the system, just adapting it to appear reform-minded, notably by rejecting PAC money, unlike Larson. Ideologically, he’s not as left-leaning as Gilchrest, but sits somewhere between the state’s moderate establishment and its progressive base.

The Reality of Fundraising

Gilchrest is notable in her cause; she makes great points about the difficulties faced by first-time candidates. This is also why Gilchrest is still a dangerous candidate; she has the makings of what the Democratic Primary electorate is looking for in 2026, a progressive anti-establishment candidate. This is a mantle that she can take from Bronin, but the primary will come up quickly. They are also likely to split the vote at this rate from Larson.

However, she can’t ignore the realities of congressional fundraising. When Congresswoman Alexandria Ocasio-Cortez pulled off a shocking upset in 2018 against No. 4 House Democrat Joe Crowley, she raised around $300,000, less than 1/10 of Crowley’s chest.

AOC set up a shockwave of progressive challengers to come, a model that many hope to replicate. Though none have come near the scale of AOC’s upset, you need a few things to happen. Joe Crowley openly admits that he was not tuned into his district in 2018 and did not actively campaign during his primary campaign.

John Larson, on the other hand, has been barnstorming the district. Larson told the Courant that the challenges have made him more energetic, and have led Larson to frenzied campaigning, unlike he has done in years.

The point is, Gilchrest cannot ignore the realities of fundraising. Donors and national fundraisers need to hear about the candidate and their ideas. Also, understand that the candidate’s campaign is to be taken seriously. Gilchrest has the endorsement of Indivisible CT, a notable progressive group.

But despite her complaints about money, Democrats have notably outraised Republicans across the country in many races. Democrats know that backing down from spending would only fail to get their message out. For Gilchrest, I would argue that Progressive organizations, especially national ones, are stockpiled with money ready to spend on upstart progressive candidates, who would love a candidate like Gilchrest. They also have far more resources and can help nationalize the race.

AOC, who struggled fundraising in 2018, has raised nearly $10 million in Q1 of this year (nearly $21 million for the year) as a well-known figure going against President Trump. The opportunity is there.

Similar to what I explained about State Rep. Josh Elliott (who Gilchrest gave a donation too), she needs to tap into national groups and endorsements to garner some attention and momentum. Though it is good that she is communicating with people, garnering attention is important, and that will lead to funds without having to force the conversation.

Scenairos

Both Jack Perry and Ruth Fortune raised similar numbers. It is not too surprising that Gilchrest, Perry, and Fortune are struggling. They are not as well-known and represent local town offices. Though Gilchrest is a state representative, the issue is that Connecticut has some of the smallest state house districts in the country by population. Only 23,000 residents live in each district. Scaling up an effort to a 700,000+ person Congressional house district is not easy; it becomes an issue of name ID, especially as she is not that well-known outside of her hometown of West Hartford.

Fortune’s $40,000 is not bad, and honestly, more than I expected from Fortune, who only came into office as an appointed candidate last year. Perry has taken out a $500,000 loan, but how he will use his money will be the deciding factor for him. I have doubts that Fortune and Perry can make the ballot, but we will see what happens on that front.

There is still plenty of time for this race to change. All candidates will have to face a very energetic Larson and prove to voters that age concerns are enough to take out an incumbent. Gilchrest needs to garner attention and try to get more progressive groups to seize on the opportunity to back her, instead of Bronin, as Larson’s main challenger, and Larson himself, who is fairly progressive himself. The federal delegation is backing Larson, so they need to look to the state legislature, local offices, or start going to House or Senate members.

Bronin needs to continue fundraising, attacking Larson, but also come up with some policy points, as his name seems to be mentioned more in the national political media as a Democrat primarying an incumbent (Downballot and Former White House Press Secretary Jen Psaki’s Podcast, as some examples). He has to capitalize to ensure that he remains Larson’s main challenger. For Perry and Fortune, they need to garner more attention and differentiate themselves from other challengers.

It’s Larson’s race to lose! He’s the frontrunner.

It could be a two-way race, a three-way race, or even a larger field. But it seems highly unlikely that Larson won’t have at least one challenger on the ballot. We are still more than 6 months away from the convention and 9 months away from a primary, so a lot can change.

Thanks for Reading!