Gov. Scott Releases State Financial Disclosure
TALLAHASSEE, Fla. – Today, the Scott for Florida campaign released Governor Rick Scott’s state financial disclosure. This filing is the financial disclosure form required by the State of Florida to be filed annually during the Governor’s time in office.
Governor Scott will also be filing the annual financial disclosure report, as required by federal law for U.S. Senate candidates, next month. As always, Governor Scott will comply with all of the necessary rules and deadlines.
When Governor Scott was elected, he chose to put his assets into a blind trust, just as previous elected officials Jeb Bush and Alex Sink had done. The Governor’s trust is managed by an independent third party to avoid any potential conflicts of interest. This process has been upheld multiple times by the State Commission on Ethics and the court system.
Governor Scott has also worked tirelessly to protect taxpayer dollars by selling the state plane, which has saved the state $2.4 million each year since 2011, and declining to take a salary throughout his time as governor. When elected to the U.S. Senate, Governor Scott will continue to decline a salary and will instead propose that all members of Congress have their taxpayer-funded salaries halted if they fail to pass a budget and appropriations bills on time.
In contrast, Bill Nelson has taken $4.4 million in taxpayer dollars and given himself 12 pay raises during his nearly half century as a career politician. He has also never declined his salary, even as Floridians were personally impacted by Congress failing to pass a budget 12 times, including six government shut downs, during his time in office.
Additional questions and responses:
Q: What is the difference between the state and federal disclosures?
A: The filing today is the financial disclosure as required by the State of Florida during the Governor’s time in office. The Governor has filed and publicly released this state filing every year of his term. This is separate from the annual financial disclosure report that is required by federal law for U.S. Senate candidates, which the Governor will also be filing in accordance with the relevant deadline next month.
Q: Why did the Governor’s net worth jump?
A: The Governor’s blind trust is managed by an independent third party to shield his investments from his direct control and to avoid any potential conflicts of interest. As such, the Governor has no control of what is bought or sold in the blind trust. This process has been upheld multiple times by the State Commission on Ethics and the court system. Additional details on the governor’s investments will be available through the federal filing later next month.
Q: Will the campaign be releasing filing details for First Lady Ann Scott?
A: Governor Scott’s public financial disclosure report, required under federal law due to his U.S. Senate candidacy, will include all information and details required under that law, including assets he holds jointly with the First Lady and individually by the First Lady.