Mitt Romney raised $40.1 million in April, just a little bit shy of the $43.6 million raised the same month by President Obama, the New York Times reports.

Romney’s take is a huge $12.6 million step up from his March fundraising total, while Obama’s represents a nearly $10 million decline.

Romney could easily have eclipsed Obama in April except for a technicality. Romney’s emergence as the presumptive GOP candidate in April made him able to raise money jointly with the Republican National Committee, in the same way Obama does with the Democratic National Committee. Donations to the RNC and DNC are capped at a higher total, but Romney didn’t hold his first combined event with the RNC until April 14.

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