COLUMBUS, Ohio (Diya TV) — Democrat Amy Acton raised $3.9 million for her Ohio governor campaign in the latest reporting period, more than twice Republican Vivek Ramaswamy’s $1.5 million, according to filings covering activity through Oct. 14. Ramaswamy’s campaign reported $41.3 million in outstanding loans owed to him, underscoring how much of his campaign’s financing comes from his personal funds.
Acton reported $3.6 million in cash on hand, compared with Ramaswamy’s $2.4 million. His campaign reported $51.2 million in spending, including $28.5 million for media purchases and $7.3 million for digital consulting. Acton’s campaign reported $26.3 million in spending, with $18.5 million going to media and $2.2 million to digital advertising.
The filings capture campaign committee activity through mid-October. The $41.3 million represents loans Ramaswamy made to his campaign, not contributions from donors. His filing also listed $5 million in other income from the candidate. Campaigns can repay candidate loans with funds they raise, subject to campaign finance rules.
Outside spending has widened the gap in the campaigns’ advertising reach. AdImpact figures cited by State Affairs showed Republican groups and allies had spent $143.9 million on advertising through Oct. 22, compared with $45 million from Democratic groups and allies. Those totals include spending outside the candidates’ campaign committees and should not be confused with the candidates’ reported fundraising or expenditures.
Ad reservations point to continued spending ahead: Ramaswamy’s campaign had booked $14.8 million in future advertising, while Democratic campaigns had reserved $8 million. Reservations reflect planned purchases, not ads already aired or money already spent.
The latest filing shows Acton’s campaign drawing more donations during the period, while Ramaswamy’s campaign reported substantially higher cumulative spending. His largest reported contribution came from Elevance Health PAC, which gave $16,615. American Electric Power gave $15,000. Individual donors who contributed the maximum permitted amount included hotel executive Subhash Patel and investors Cameron and Tyler Winklevoss.
Money is only one measure of the race. On Oct. 22, Sabato’s Crystal Ball at the University of Virginia Center for Politics changed its rating from “Toss-up” to “Leans Democratic.” The rating reflects analysts’ view of the contest; it does not predict the result.
The campaigns have also faced scrutiny over a Ramaswamy ad featuring Acton’s estranged mother, Donna Arthur, who accuses her daughter of lying about her childhood. Ramaswamy’s campaign defended the ad as a question of Acton’s credibility. Republican Gov. Mike DeWine, who endorsed Ramaswamy, called the ad wrong and urged the campaign to take it down.
The dispute has drawn attention to a 1978 case involving Acton’s stepfather, Cledith Arthur, who was arrested and indicted on a rape charge involving a child under 13. He fled Ohio and died before standing trial. Acton has said she has not spoken to her mother in nearly 50 years.
The finance reports offer a snapshot of campaign resources before Election Day: Acton led in new fundraising and cash on hand, while Ramaswamy reported much higher spending and Republican-aligned groups dominated tracked ad buys. Outside spending, candidate loans and donations each shape the contest differently, making the totals an incomplete measure of how either campaign will perform with voters.