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d_legendary1

(2,586 posts)
Mon Aug 3, 2015, 09:05 AM Aug 2015

Lawmakers in Tallahassee continue to get richer

TALLAHASSEE — In the wake of the Great Recession, which left the average Florida family struggling to make ends meet, at least one group of people continues to get richer: It pays to be elected to the state House or Senate.

Of the 160 lawmakers elected to the state Legislature, 114 have increased their own personal wealth while in office, a Herald/Times analysis of officials’ financial statements found.

On average, lawmakers’ net worth has more than doubled from the year of their first campaign through 2014. Their incomes have generally risen, too, by 63 percent on average. For some legislators, years spent in elected office have accompanied multi-million-dollar increases to their net worth.

It’s a stark contrast to the reality most Floridians face.

The average worker’s pay is higher now than in 2010, but it still falls short of the paychecks Floridians brought home before the 2007 downturn, when adjusted for inflation. Many who saw their home values plummet and 401(k)s shredded have never recovered.

http://www.miamiherald.com/news/local/community/miami-dade/article29670268.html

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