New Florida law requires city officials to disclose net worth; some are resigning instead - eviltoast

Two Daytona Beach Shores city commissioners have resigned as the latest in a wave of local elected officials leaving before Jan. 1, when they face more stringent financial disclosure requirements.

Mel Lindauer, a Shores commissioner since 2016, told The News-Journal on Wednesday the new requirement − submitting what’s known as Form 6 − is “totally invasive” and serves no purpose.

Commissioner Richard Bryan, who has also served since 2016, said in his Dec. 21 resignation letter that he had another priority but added the Form 6 issue “affected the timing” of his decision.

Many state officials already file a Form 6, including the governor and Cabinet, legislators, county council members and sheriffs. The forms require disclosure of the filer’s net worth and holdings valued at more than $1,000, including bank accounts, stocks, retirement accounts, salary and dividends.

  • tocopherol@lemmy.dbzer0.com
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    10 months ago

    Is that actually average in the US? I own not a single thing worth more than $1000 and I do have a job. I’m not trying to make a point or anything, just interesting to think how much people have.

    • halcyoncmdr@lemmy.world
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      10 months ago

      Many computers are going to be more than $1k, especially when talking about laptops that aren’t shit hardware. Gaming desktops can easily move into the $3k tier now for high end systems, not even including other expensive components like gaming monitors which can be over $1k by themselves.

      Then there’s large quality TVs and home theater projectors. While a large TV can be purchased for fairly cheap now, there’s a big difference in image quality and capability between a $500 TV and the $4k one sitting next to it even through they’re the same size. TV technology has a pretty wide range now, it’s no longer a simple question of resolution, size and maybe a couple simple panel categories like LCD or Plasma.

      And for whatever reason flagship phones are in that range now as well. A new iPhone 15 Pro is $999, the 15 Pro Max is $1199. The Samsung Galaxy S23 and 23+ launched at the same price points. For the base capacity, without any upgrades.

      • tocopherol@lemmy.dbzer0.com
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        10 months ago

        That’s why I love my thriftiness! I have a gaming PC, not the nicest but it can run any modern games well enough at 1080p/60fps, it might be worth around 1000 but I’ve upgraded it slowly over years. I have no TV, I bike to work, I got my phone for 300 in 2019 and it still works great.

        I looked into upgrading my phone recently, I can’t even find a phone that has better hardware that I would want for a reasonable price, the only major improvement would be the camera, all other stats on mine are just as good or better than comparable new phones.