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 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.
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.
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.