Monday, July 30, 2012

Some Florida lawmakers see wealth rise while in office

Public office has been good to the bottom line of many state lawmakers, for some much more than others, two new analyses of publicly available financial disclosure forms show.

Florida state senators have grown their wealth by an average of $800,000 since taking office, according to a study to be released Monday by the Tallahassee group Integrity Florida.

But the opposite is true for members of the Florida House, who generally have not been in office as long and have seen their investments decline thanks to the real estate bust. Their net worths ? calculated as assets minus debt ? have dropped about $100,000 on average.

Read more here.

Source: http://feedproxy.google.com/~r/typepad/MiamiHerald/nakedpolitics/~3/HrCBqFYyqdE/some-florida-lawmakers-see-wealth-rise-while-in-office.html

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