Will East Bay lawmakers feel the money pinch?

With state Controller John Chiang telling lawmakers they won’t get paid because they haven’t passed a balanced budget, it seemed like a good time to see which of our East Bay electeds are most likely to feel the pinch. The Form 700 Statement of Economic Interests filed by public officials each year sheds some light on who has a financial cushion and who doesn’t.

State Senate Marjority Leader Ellen Corbett, D-San Leandro, reported no investments, real property or other income besides gifts and travel costs.

State Sen. Mark DeSaulnier, D-Concord, reported a 10-percent-or-greater share in the ownership of TR’s Bar and Grill worth somewhere between $10,000 and $100,000, but reported receiving less than $500 in income from it last year.

State Sen. Loni Hancock, D-Berkeley, reported no investments, real property or other income besides gifts and travel costs.

Assemblywoman Susan Bonilla, D-Concord, reported more than $100,000 in income from her husband’s job as a systems architect at OSI in San Leandro.

Assemblywoman Joan Buchanan, D-Alamo, reported holding more than $1 million in stock in AON Corp., as well as up to $100,000 in JP Morgan Chase stock, up to $10,000 in Bank of America stock, and up to $10,000 in Motorola stock. Buchanan also reported some venture capital participation: she’s a limited partner in Blackrock Global, with up to $100,000 invested, and in the Halo Fund, with up to $10,000 invested. And she has up to $10,000 in a First Eagle mutual fund.

Assemblywoman Mary Hayashi, D-Castro Valley, reported owning a rental property in Castro Valley worth between $100,000 and $1 million, from which she derived between $10,000 and $100,000 in income last year.

Assemblywoman Nancy Skinner, D-Berkeley, reported no investments, real property or other income besides gifts and travel costs.

Assemblyman Sandre Swanson, D-Alameda, reported sole proprietorship of his SRS Associates public relations consulting firm worth up to $10,000, and had somewhere between $1,000 and $10,000 in income from it last year. He also reported sharing in the ownership of the California Legislative Black Caucus Policy Institute, from which he received less than $500 last year, and of the East Bay Conversion and Reinvestment Commission, from which he received less than $500 last year.

Assemblyman Bob Wieckowski, D-Fremont, reported a share in the ownership of Crusader LLC financial management group worth between $10,000 and $100,000, as well as his role as president of his legal practice, which he valued between $100,000 and $1 million; he received more than $100,000 from the law practice last year.

Josh Richman

Josh Richman covers state and national politics for the Bay Area News Group. A New York City native, he earned a bachelor’s degree in journalism from the University of Missouri and reported for the Express-Times of Easton, Pa. for five years before coming to the Oakland Tribune and ANG Newspapers in 1997. He is a frequent guest on KQED Channel 9’s “This Week in Northern California;” a proud father; an Eagle Scout; a somewhat skilled player of low-stakes poker; a rather good cook; a firm believer in the use of semicolons; and an unabashed political junkie who will never, EVER seek elected office.

  • John W

    Good to see Joan Buchanan has something left after spending $1 million plus of her own money running for the CD 10 seat. But she sure has a strange, wildly unbalanced portfolio. Most of it in an insurance/reinsurance company — AON Corp. What’s her connection to them? Looks like she got burned on Bank of America, same as me.

  • Common Tater

    These folks should be happy to serve WITHOUT pay. It’s enough that they can tout their liberal agenda to the populace.

  • John W

    Re #2

    I’d say the same about the GOP Norquistinidas.

    While we’re at it, there’s lots of handwringing over the fact that Senate redistricting and renumbering will leave some politicians and districts in the lurch for one election cycle. My solution to that is to abolish the state Senate and go with a unicameral 120-member Assembly, with all members up every two years.

  • Gayfriend Lazurus

    This Commontater is a real rocket scientist. If you want to read real stupidity look him up on the kpcnews.com fencepost. Frigging idiot!

  • Common Tater

    Re #3

    I’ll go for that so long as the new unicameral legislature is part-time and meets for no longer than 8 weeks in any given year.

  • Elwood



  • Common Tater

    I wonder if those morons realize that they won’t receive any back pay if they ever do pass a balanced budget. Their pay is forfeited from June 15 onward.


  • John W

    Re #8

    I’m sure the wheels are turning to figure out some highly creative way of making up for the lost pay. “Consulting fees” from some of their respective interest groups, perhaps?

  • Elwood

    I would rather tell people that I am a pimp or a dope dealer than admit that I am a member of the CA leg.