The public knows more about New Hampshire Republican Sen.-elect Kelly Ayotte thanks to the watchful eye of the Center for Responsive Politics.
On Tuesday, OpenSecrets Blog reported that the Center's review of documents on file with the Senate Office of Public Records showed no personal financial disclosure report for Ayotte for calendar year 2009, which by law senators and Senate candidates must file in mid-May.
Today, Ayotte campaign spokesman Jeff Grappone told OpenSecrets Blog that failing to file in May was an oversight and that Ayotte has submitted her paperwork. Late filing can earn politicians a $200 fine. Grappone could not immediately confirm if Ayotte, New Hampshire's former attorney general, included a check for this penalty with her filing.
"Having received no additional income, we were unaware that she needed to file an additional form," Grappone said in an e-mail to OpenSecrets Blog. "She has now completed the additional form and submitted it to the Senate."
Disclosure rules require any individual Senate candidate who raises or spends more than $5,000 to file a personal financial disclosure report within 30 days of meeting that financial threshold. The candidate must continue to file annual disclosure reports every year he or she continues to be a candidate.
Furthermore, the "willful falsification of information of failure to file or report information required" can lead to a civil penalty up to $50,000, disciplinary action by the Senate Select Committee on Ethics or criminal prosecution
On the final page of her filings, Ayotte affirms that the "statements I have made on this form and all attached schedules are true, complete and correct to the best of my knowledge." That same page clearly states candidates are required to file within 30 days of becoming a candidate and again "on or before May 15 of each succeeding year an individual continues to be a candidate."
You can download a copy of the report obtained by the Center for Responsive Politics here: Ayotte2010.pdf
The Senate Select Committee on Ethics, which oversees compliance with the filing of personal financial reports, typically reminds all candidates and senators of up-coming deadlines. All correspondence between the ethics committee and filers is confidential and not publicly available.
Grappone told OpenSecrets Blog on Wednesday: "We did not receive correspondence from the committee regarding this."
John Sassaman, the chief counsel and staff directory of the Senate Ethics Committee, told OpenSecrets Blog he was unable to comment on the specifics of any particular case.
Ayotte did file a
personal financial report covering her assets and liabilities for 2008. That document was
filed in 2009 with the U.S. Senate -- and she amended it in January
2010.
Update: 5:20 p.m.: Ayotte's new report does not show a change in assets, but it does show a change in liabilities -- a change that lifts her family's overall financial status.
Her filing for calendar year 2008 showed a dozen liabilities -- mostly truck loans and equipment loans for her husband -- totaling between $190,000 and $475,000.
Her new filing, which covers calendar year 2009, lists five liabilities, again all for her husband. His loans: an equipment loan valued between $15,000 and $50,000, and four truck loans with a combined minimum value of $55,000 and a combined maximum value of $165,000.
Lawmakers are only required to disclose their assets and liabilities in broad ranges, so it's often impossible to know exactly how much an asset or liability is worth. It's also impossible to calculate lawmaker's exact net worth.
Ayotte might have been in the black or the red in 2008, but her new filing shows her clearly in the black.
In 2008, her minimum net worth was -$173,000, while her maximum net worth was $665,000, based on the Center's analysis of the assets and liabilities reported for her, her husband and their children. In 2009, meanwhile, according to the new filing, her minimum net worth rose to $87,000, while her maximum net worth rose to $785,000.
Between 2008 and 2009, Ayotte's average net worth increased 77 percent -- or $190,000 -- going from $246,000 to $436,000, according to the Center's research.
The Center presents information about the personal finances of all sitting senators and incumbent House members in a database on OpenSecrets.org.
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The above paragraphs from the World Domination ‘un’convention convention website I like. The whole “oooo, we’re so unconventional and everyone else is so conventional and always trying to make us conform” … bleh. Perhaps I’m a party pooper but I tend to find stuff like this a little too self-congratulatory, too forced … just plain too pretentious.
LOL, or maybe that just says something about me. <>
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