Friday, August 8, 2014

Florida lawmakers’ personal wealth keeps growing

By Marianela Toledo | Florida Watchdog


MIAMI — For some Florida legislators, politics is more profitable than business. Especially if you serve on the governor’s cabinet.


Financial statements filed with the Florida Ethics Commission shows some politicians grew their personal wealth substantially last year. Members of the governor’s cabinet increased their wealth by an average of 51 percent.


But not everyone in the Florida state government is getting richer. For example, state Sen. Thad Altman, R-Melbourne, lost 10 percent of his wealth, reporting a net worth of $899,676 in 2013.


Where the growth comes from


The financial disclosures don’t explain how public officials raised their personal wealth, but the growth likely isn’t related to their salaries.