Financial disclosures show gains in net worth for local lawmakers, governor

Financial disclosure forms, recently filed and available through the Florida Commission on Ethics website, reveal local delegates haven’t exactly had a problem amassing wealth while holding office.

 

Sen. Travis Hutson has seen his net worth go from $6,721,201 in 2012, when he made his successful bid for the House District 24 seat, to $7,220,814 in 2016, serving in the Senate District 7 seat.

The Republican’s net worth, determined primarily by the performance of a number of individual and family trusts, has had its ups and downs year to year but is trending upward over time.

Meanwhile, for 2012, Hutson reported income of $26,923 from Hutson Companies LLC, his family’s Jacksonville-based real estate investment firm, as well as $4,290 from the State of Florida (for his partial term served that year), $4,016 from a family trust and $2,461 as a realtor.

In 2016, Huston reported $60,541 from Hutson Companies as well as $25,867 from the State of Florida.

Rep. Cyndi Stevenson, representing District 17, has seen her net worth double since 2012, when she was still a St. Johns County commissioner. Reporting $1,113,525 on her 2012 financial disclosure, the Republican lawmaker’s net worth climbed to $1,991,867 in 2013, $2,084,833 in 2014, $2,127,279 in 2015 and $2,321,204 in 2016.

Stevenson in 2013 inherited five rental properties, as well as various investment accounts and cash accounts worth a total of about $800,000. The inheritance, due to the death of a parent, accounted for a significant climb in her wealth. 

In 2012, Stevenson’s assets included a primary residence worth about $341,692 as well as a condo and garage unit on State Road A1A in St. Augustine worth about $175,000 combined. She also reported more than $218,000 in stocks with Landstar System Inc., a Jacksonville transportation services company, as well as individual retirement accounts nearing $250,000 in value.

In terms of liabilities over $1,000, a mortgage on her primary residence was not listed but she showed about $7,200 owed on assorted credit cards.

Her income reported for 2012 was $54,632 from St. Johns County.

In 2016, Stevenson’s assets included her primary residence, valued slightly under its 2012 mark, at $341,111, and the rental units on A1A now worth about $200,000 combined.

Disclosures also show Stevenson has acquired five additional rental properties since 2012. These holdings, as of her filing for 2016, were a Harbor Village condo worth about $188,000 and four Daytona Beach condos worth nearly $424,000 altogether.

She also reported nearly $355,000 in stocks with Landstar System, more than $200,000 in other investments and individual retirement accounts worth about $330,000 combined.

As far as liabilities go, Stevenson only showed about $7,900 owed on assorted credit cards.

Her income reported for 2016 was $26,496 from the State of Florida. Secondary sources of income include her various rental management ventures but amounts earned are not listed.

Rep. Paul Renner, who recently won the speaker’s race for 2022, has seen his worth triple since his unsuccessful bid in 2014 for the District 15 seat on the House. Reporting $217,752 on his 2013 financial disclosure, the District 24 Republican’s net worth climbed to $271,714 in 2014, $425,132 in 2015 and $611,573 in 2016.

In 2013, Renner’s assets included a Jacksonville homestead worth about $260,000, 20 percent ownership of a Jacksonville office valued at $1.85 million and three rental properties in Jacksonville worth about $444,000 altogether. He also had various banking and investment accounts worth about $122,000.

His liabilities included more than $950,000 in mortgages, including a $318,408 mortgage on his $370,000 share of the office.

His income was about $125,500 from Milam Howard Nicandri Dees and Gillam, a Jacksonville law firm, as well as $627.12 from his rental properties and $1,425 from the U.S. Naval Reserves.

The disclosure indicated no Palm Coast holdings, although he won the district in a 2015 special election after failing to capture the Jacksonville district.

In 2016, Renner’s assets included a $158,000 homestead in Palm Coast, 24.75 percent ownership of the Jacksonville office, still valued at $1.85 million, and three rental properties in Jacksonville worth about $670,000 altogether. He also had various banking and investment accounts worth about $174,000.

His liabilities included about $820,000 in mortgages, including a $325,640 mortgage on his now $457,875 share of the office.

His income was about $157,000 from the Jacksonville law firm, as well as $29,697 from the State of Florida and $2,000 from his rental properties.

Gov. Rick Scott’s disclosure form showed the two-term Republican was worth more than $149 million in 2016. This represented an increase of more than $30 million over last year, due primarily to the rising value of his blind trust, although previous disclosures also show he had lost about $27 million between 2014 and 2015.

Scott, who does not take a salary from the state, reported $4.3 million in income from his trust in 2016, which is down significantly from the $16.5 million in income he reported in 2015.

In 2016, his Naples mansion was worth a little over $15 million, down from about $15.4 million in 2015, with a $144,375 boathouse, up from $123,375 in 2015. His Montana residence on 60 acres was worth just under $1.5 million in 2016, the same as it was the previous three years.

Florida law does not require spouses of elected officials to reveal their financial holdings.

Note: An earlier version of this story failed to mention Rep. Cyndi Stevenson in 2013 inherited five rental properties, as well as various investment accounts and cash accounts worth a total of about $800,000. The inheritance, due to the death of a parent, accounted for a significant climb in her wealth. We regret this omission. 

 

Peggy Hatton 17 days ago
Please provide a link...or better yet, do a story about the elected s in St. John's County. 
 

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