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Democrat Sue Minter Discloses Personal Financial Records

Peter Hirschfeld
VPR File
Democratic gubernatorial candidate Sue Minter released her tax returns and a list of financial assets this week.

Democrat Sue Minter became the second candidate for governor to disclose tax returns and a list of financial assets.

Minter, who served as transportation secretary in the Shumlin administration prior to announcing her gubernatorial bid last fall, reported $152,000 in total household income in 2015, according to IRS forms she made public Thursday afternoon.

The income reported by her and her husband, David Goodman, included $67,000 in salary, for the eight months of the year Minter was working in state government, and $42,000 from Goodman’s business. Minter’s husband is a journalist.

The couple reported an additional $40,000 in income from sources including capital gains and dividends.

The precise value of Minter’s assets is difficult to determine using the disclosure she provided Thursday. Minter used the same disclosure forms that members of Congress are required to fill out annually. Those forms don’t require members of Congress to list the precise value of individual assets, rather they have to indicate whether an asset is within a certain range.

Minter and Goodman’s assets, the bulk of which are investment funds, include 50 holdings that are worth anywhere between $1,001 and $15,000, 11 holdings worth between $15,001 and $50,000, five holdings worth between $50,001 and $100,000, and one holding – their home in Waterbury – that’s worth anywhere between $250,001 and $500,000.

According to the disclosures, that means the couple’s assets could total anywhere between $715,000 and $2.3 million. The campaign later pegged the precise tally of Minter's and Goodman's assets at $1.36 million, including a $349,000 home, $673,000 retirement account and $306,000 non-retirement account.

The couple’s only liability is a home mortgage, for which they owe somewhere between $100,001 and $250,000, according to the disclosure.

The campaign says the $20,000 in capital gains income the couple reported for 2015 stems from their efforts to divest from coal and oil stocks. The campaign says that the divestment is an ongoing process.

Republican Bruce Lisman was the first candidate to release his financial information. According to disclosures he made public in late December, the former Wall Street executive’s assets total about $50 million, and include  $19 million in brokerage accounts, $7 million in cash, $4.5 million in retirement accounts and his $5.8 million home in Shelburne. His assets also include ownership stakes in nine private companies, including four that are based in Vermont.

Lisman made $1.6 million in 2014 and $1.3 million in 2013, according to his tax returns, the vast majority of which came from dividends and investment income.

Republican candidate Phil Scott and Democratic candidates Matt Dunne and Peter Galbraith have yet to release their personal financial information, however each has said he plans to do so.

This post was edited at 8:28 a.m. on 4/8/16 to include updates from the campaign

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