Potential Successors Have (Much) Smaller Bank Accounts
June 15th, 2010

Three potential mayoral hopefuls in 2013 have far smaller bank accounts than City Hall’s current occupant.

According to financial disclosure forms released by the city Conflicts of Interest Board this morning, Comptroller John Liu, Public Advocate Bill de Blasio and City Council Speaker Christine Quinn didn’t finance trust funds or lease out horses in 2009.

But they aren’t complete penny pinchers either.

In 2009, the comptroller had between $100,000 and $250,000 in mutual funds and between $100,000 and $250,000 in a retirement account. His disclosure form, which a spokesperson said Liu prepared himself, did not include the home he owns in Flushing.

Reports released from other elected officials today included the real estate they owned.

Quinn, on the other hand, rents her primary residence (She does co-own a four-bedroom vacation home on the Jersey shore valued at more than $500,000). In 2009, the speaker’s only source of income was her $112,500 salary at the council and the $28,500 stipend she gets as its leader. She has between $5,000 and $40,000 in a deferred compensation plan and between $5,000 and $40,000 in a retirement account. (All income disclosures at the Conflicts of Interest Board are done in ranges).

Also in 2009, Quinn was paid between $1,000 and $5,000 for a trip to Belfast, Ireland to speak at an awards dinner and meet with public officials. The trip was bankrolled by The Belfast Group.

De Blasio owes between $250,000 and $500,000 on a mortgage for a two family residence valued at more than $500,000. He has a revolving credit line with American Express of between $5,000 and $40,000, between $5,000 and $40,000 in stocks and between $60,000 and $100,000 in annuity.

By on June 15, 2010, 6:19 pm
In category: Blogroll,City Hall,Economy,Electoral Politics,Gotham City,Governing,nextNY,Public Finance,Work and Labor | Comments Off on Potential Successors Have (Much) Smaller Bank Accounts

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