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Candidate financial disclosures

 
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Ellen
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Joined: 15 May 2004
Posts: 209
Location: Oak Ridge, Tennessee

PostPosted: Sat Jun 04, 2005 8:39 am    Post subject: Candidate financial disclosures Reply with quote

Both The Oak Ridge Observer and The Oak Ridger reported this week on Council candidates' financial disclosure reports. (Reports on receipts and expenditures through May 28 were required to be filed at the Anderson County Election Commission on May 31. The articles describe the contents of those reports.)

Alert readers will notice differences between the papers in the fundraising totals they report. The Oak Ridge Observer has larger numbers for most candidates, including me, because the paper reports total receipts, which includes loans received and "in-kind contributions" in addition to contributions of cash. (Example: My loan of personal funds to the campaign ensures an adequate bank balance to pay the bills and meet minimum-balance requirements. I expect that part of that loan will eventually become a personal contribution.) In contrast, The Oak Ridger article focuses on cash contributions received and lists large in-kind contributions separately.

Under the state's financial disclosure rules, contributors of more than $100 (but not of exactly $100) are named in these reports. The rules are not clear on matters such as reporting of joint contributions -- my treasurer chose to treat those as contributions from just the individual who signed the check, while others report them as from both people named.

There are some interesting patterns in the lists of donors. One is a pattern of "incumbent solidarity." Mayor David Bradshaw (and/or David and his wife Sandy) appear on all incumbents' donor lists. Candidate Jane Miller contributed to all of her fellow incumbent candidates (her husband Barry Vickers also contributed to Beehan), and Tom Beehan and wife Kay Brookshire both contributed to Miller's campaign.

Several well-known local real estate developers and businesspeople appear on multiple lists of contributors over $100. All of the incumbents report support from either R&R Enterprises, R&R Management, or members of the Chinn family that owns R&R. John Chilton of Clinton, developer of the Centennial Village project on the land formerly known as "Parcel A," contributed to 3 of the 4 incumbents. Len Hart of Oak Ridge is listed by two of the incumbents. CROET President Larry Young (with wife Eve Andriola) and long-time CROET insider Joe Lenhard each appear on one list (Beehan's and Miller's lists, respectively).
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Ellen
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Joined: 15 May 2004
Posts: 209
Location: Oak Ridge, Tennessee

PostPosted: Sat Jun 04, 2005 9:26 am    Post subject: Reply with quote

School board candidate finances are much more "down-to-earth" than those for Council candidates. Contribution totals are smaller, and there are few large contributors.
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