Politics

Florida’s $8.8 Million Cabinet

By: Jim Turner | Posted: July 7, 2012 3:55 AM
Attorney General Pam Bondi, Commissioner of Agriculture Adam Putnam, Gov. Rick Scott and CFO Jeff Atwater
Florida’s three Cabinet members -- Chief Financial Officer Jeff Atwater, Attorney General Pam Bondi and Agriculture Commissioner Adam Putnam -- are worth a collective $8,846,996, according to recently filed financial disclosure reports.

The overall mark is slightly down from the prior year, 2010, with Putnam, the wealthiest, dropping $300,000. Bondi has the least but now is able to report an income, showing the largest single-year gain at $200,000.

The annual disclosure reports require descriptions of assets, liabilities topping $1,000 and for sources of income. But other than to say the source of the asset or liability, little disclosure is really required.

Putman, who has been the focus of recent reports for a 2005 deal in which the South Florida Water Management District paid $25.5 million for 2,042 acres of his family’s ranch, saw his net worth drop from $6.8 million in 2010 to $6.49 million last year.

In addition to earning $124,681 last year from his state job, Putnam drew $14,634 from his former job as a U.S. congressman, and $227,129 from the family-owned Putnam Groves Inc.

The majority of his assets are tied to Putnam Groves -- a 20.4 percent interest worth $2.6 million -- and savings and investments.

He also reported owing $120,142 to Bank of America.

Atwater saw his worth grow from $1.6 million in his final year as state Senate president to $1.68 million in his first year as the state’s top finance officer.

The majority of his assets are tied to investments with Northern Trust; he drew $121,226 from his state job. His liabilities included $35,978 to the Bank of America and $20,879 to the Bank of America Mortgage Co.

Bondi’s worth jumped from $472,696 in 2010, while a candidate for state office, to $673,777.81 in her first year as attorney general.

Unlike in 2010 when she listed no income, she reported earning $123,139.05 for her work for the state.

Bondi recorded the most expensive home among the three Cabinet members, putting her Tampa area home’s appraised value at $635,400. She also reported owing the Suncoast Schools Federal Credit Union just over $311,000 and Valrico State Bank $20,134.

Atwater listed his North Palm Beach residence at $285,000. Putnam reported his home in Bartow at $174,000.  

Meanwhile, Gov. Rick Scott, who is reportedly taking only $1 a year to reside in the governor’s mansion, is down to just $83 million. The worth total for the former health-care executive is a vast drop since he pumped $70 million into his 2010 campaign at a time when his net worth was $218 million.

Scott recorded earning $26 million from investments in 2011, with his beachfront home in Naples valued at nearly $9 million. Scott also has set aside $71.5 million into a blind trust while serving Florida.



Reach Jim Turner at jturner@sunshinestatenews.com or at (772) 215-9889.



Comments (8)

Freeman
11:15PM JUL 7TH 2012
How about other monies you know ,the off shore stuff?
William in Tampa
2:22PM JUL 7TH 2012
I never heard of a "Poor Politician" leaving office empty handed, in recent history - either party.
RepublicanConscience
7:57AM JUL 7TH 2012
The point being? What is better, having people in government that accumulated wealth legitimately in the private sector or a Criminal-in-Chief that committed fraud, treason, lied, cheated, betrayed, bribed and accepted bribes from our enemies to accumulate his fortunes?
Frank
4:06PM JUL 9TH 2012
Oh, you mean Florida (and to use your words) "Criminal-in-Chief" Rick Scott, who presided as CEO over (and made his fortune primarily from) a private sector hospital company while it undertook one of the largest Medicare frauds in U.S. history!

No, it appears by your language, that you're really just a partisan Mad Hatter, spouting random defaming nonsense about our elected President once again.

If so, you're lying, until you can show me specific facts that support your claims (and have them hold up, sufficient that a jury would likely convict).

Serious claims require at least a modicum of proof.

I'll even cut down the offenses that are criminal - if you have ANY legitimate proof of specific, court provable fraud, treason, bribery, or "bribery" from U.S. enemies to accumulate Barack Obama's personal fortune, let's see that proof.

No?

Then, in the absence of your proof, we'll just have to assume you're making a defamation of character (the communication of a statement that makes a false claim, expressly stated or implied to be factual, that gives an individual a false, negative image), which given the serious charges of felony behavior on the part of the individual you're defaming, could even constitute legal libel - i.e. making a malicious, false, and defamatory written statement or report.

The difference between your comments that appear to be directed at Obama, and mine about Rick Scott, is that my facts are court proven (except for my to-make-a-point use of your term "Criminal-in-Chief").

So, again, where's your SPECIFIC EVENT OR EVIDENCE proving your charges?
Amme Starr
7:35AM JUL 7TH 2012
So what? Why is the press so determined to report the incomes of wealthy Republicans? Is that somehow suppose to make them suspect or unable to perform the duties for which they were ELECTED? I don't get it. There is so much news out there....why go here? Amazing how we leave John Kerry, Nancy Pelosi, the Clintons, and on and on OUT OF THE NEWS when it comes to income!! I thought we lived in a country where gaining wealth through legal and ethical means was one of the advantages to living in a Republic. Why are we making it a scandal?
Frank
8:42AM JUL 7TH 2012
Perhaps to shift our gaze from that other person in the room who made his hundreds of millions as CEO of a company that wasn't making its wealth through legal and ethical means.
Repubtallygirl
11:30AM JUL 9TH 2012
"that wasn't making its wealth through legal and ethical means"

In the words of Joe Wilson "You Lie".

The Bamster made his millions off writing a fraudulent book. Hardly 'ethical'.
Frank
4:18PM JUL 9TH 2012
The other person I was referring to in the room (and in the picture) is Rick Scott (see the $8.8 million headline didn't include the Governor's wealth made while he was CEO of a company undertaking Medicare fraud). Somehow, I don't consider the Medicare fraud that the company was undertaking as ethical or legal - if you feel otherwise, let all the rest of know that's what you believe.

I realize I may have made that too subtle a comment for you.

But why do you, like the other commenter above, assume every comment's got to be about Obama (and yes, I do realize Bamster is a degoratory Rush Limbaugh term used to belittle and attempt to demonize our country's elected President, but we expected more fairness from someone claiming to be a Tallahassee gal - I guess we were wrong, both about you and perhaps about Republicans in general)?

If you have serious evidence of illegal fraud, let's see it.

Otherwise, stop with the lying defamation and possible libel.

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