Next year's gubernatorial race is expected to be costly, with candidates on both sides raising millions of dollars.
Democratic Arizona Gov. Katie Hobbs announced that her campaign has broken fundraising records, totaling $12 million since her election in 2022.
In 2025 alone, Hobbs raised over $4 million, the largest amount for any Arizona gubernatorial candidate in a non-election year.
Her campaign is already breaking fundraising records.
Author's summary: Candidates raise millions ahead of 2026 elections.