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Connecticut provides Norwalk legislators’ financial disclosures

(Flickr user Ken Teegardin)

The election is Nov. 6.

Updated, 8:18 a.m.: Copy edits

NORWALK, Conn. – Connecticut legislators must fill out a financial disclosure form each year.

NancyOnNorwalk has obtained the 2017 “Statements of Financial Interests” for State Senate Majority Leader Bob Duff (D-25), State Rep. Chris Perone (D-137), State Rep. Gail Lavielle (R-143), State Rep. Fred Wilms (R-142) and State Rep. Bruce Morris (D-140), which list their sources of income and their assets, without putting dollar figures to any of the information.

Legislators are asked to provide the information regarding income streams, but not amounts, so that they may be asked to recuse themselves on legislation that may affect their finances.

The Center for Public Integrity in 2006 ranked states for their legislative financial disclosure requirements; Connecticut was 12th on the list, scoring 76 out of a possible 100 and earning a “C.” A State Integrity Investigation in 2015 ranked Connecticut as third, with a “C-” and a score of 71. For Legislative Accountability, Connecticut was ranked seventh with a “C-” and a 72.

Candidates for office are not required to disclose financial information.  Duff is being challenged for reelection by Republican candidate Marc D’Amelio. Perone is running against Republican Frank Page, Lavielle is being challenged by Democratic candidate Stephanie Thomas, Wilms is being challenged by Democratic candidate Lucy Dathan. Morris is not running for reelection.

Here is the information provided by the 2017 Statements of Financial Interests, which were filed in April:

 

 

State Senate Majority Leader Bob Duff

Spouse’s name: Tracey K. Duff

Two children

Owns 50 Toilsome Ave., with Tracey

Owns 20 Third St.

Owns 53 Walter Ave., with Tracey

Owns 25 Maple St., #1B, (Bruce, Joanne and Robert Duff)

Owns 917 Dublin Road, Plymouth, Vermont, with Tracey

No trusts

Self-employed in real estate

Spouse works for General Atlantic Partners, which appears to be a private equity firm specializing in investments in global growth companies.

Receives rent from rental properties

 

Together, they receive dividends from National Financial, FS Investments

She has income from conversion of Roth IRA, Mid Atlantic Trust Company

Duff owns these stocks

  • 3D Systems Corp
  • AIG FOCUSED DIVIDEND STRATEGY FUND
  • Columbia Balanced Cl I2
  • Fidelity Capital & Income
  • First Eagle Global Class I
  • Ownership in Ivy Science & Technology
  • Materialise
  • J Hancock diciplined value mid cap1
  • Primecap Odyssey Stock Fund
  • Principal MidCap
  • Putnam Equity Income Fund Class A
  • Seattle Spin
  • T. Rowe Price Capital Appreciation 401(K)
  • Touchstone Focused
  • T Rowe Price QM US Small Cap Growth Equity Fund
  • Vanguard Wellesley Income Admiral

Together, they own these stocks:

  • AIG FOCUSED DIVIDEND FUND CLASS C
  • CNL Health Care Properties
  • Columbia Balanced Cl C
  • Fidelity Capital & Income
  • First Eagle Global Income
  • FS Investments
  • Ivy Science & Technology
  • J Hancock diciplined value mid cap1
  • Principal MidCap
  • T Rowe Price QM US Small Cap Growth Equity Fund
  • Vanguard Wellesley Income Admiral

 

She owns these stocks individually

  • -FIRST EAGLE GLOBAL-C
  • Oak Ridge Small Cap Growth
  • Principal Mid Cap CL P
  • Metropolitan West Total Return Bond
  • Micro Focus International
  • Hewlett Packard Company
  • Ivy Science & Technology
  • AIG FOCUSED DIVIDEND STRATEGY FUND
  • American Funds New World Fund
  • Jag Large Cap Growth Fund Class I
  • Calamos International Growth Fund
  • Carillion Eagle Mid Cap Growth
  • J Hancock diciplined value mid cap1
  • Franklin Income C
  • Comcast
  • DXC Technology

 

Their children own:

  • John Hancock Disciplined Value Mid Cap Fund Class
  • JPMorgan Equity Fund
  • New Perspective Fund 529A
  • Voya Option A
  • First Eagle Global Class C
  • Black Rock Advantage International
  • Black Rock High Yield Bond Fd
  • Black Rock Multi-Asset Income Portfolio INSTL Class
  • BR Equity Dividend
  • BR Global Allocation
  • American Balance Fund 529A

 

 

 

State Rep. Chris Perone

Spouse: Christy C. Perone

One child

Owns 8 East Rocks Road

Is paid by Bridges by EPOCH, a senior living facility on Richards Avenue in Norwalk specializing in care for individuals with Alzheimer’s and other dementias.

Earns money through freelance marketing

Perone owns stocks:

  • JP Morgan
  • United Development Funding (UDF III, L.P. is a publicly registered offering)

 

His wife owns American Skandia-IRA stocks

They have a home mortgage with Wells Fargo

 

 

 

State Rep. Bruce Morris

Spouse: Gail V Morris

Owns 315 Ely Ave., with wife

Is a partner in OHS Construction LLC of New Haven, which does electrical contracting

Is a partner in Kairos Group LLC, a construction company based at his home

Receives wages from Macedonia Church

His wife works for Norwalk Public Schools

 

 

 

 

State Rep. Fred Wilms

Spouse is Terri McCartney

They have no dependent children

Together they own 6 Westview Lane

He receives wages from Webster Bank,

She receives wages from Americares

She receives capital gains from TIAA-CREF

Wilms owns these stocks:

  • Amazon
  • Apple
  • BAC
  • C
  • CRM
  • FB
  • GOOG
  • GOOGL
  • IGM
  • ITB
  • IYF
  • JPM
  • KRE
  • NFLX
  • PCLN
  • THRK
  • WBS

 

She has TIAA-CREF  – Various mutual funds

 

 

State Rep. Gail Lavielle

Spouse : Jean-Pierre S Lavielle

No dependent children

Owns 109 Hickory Hill, Wilton

Has:

  • 1/8 interest in H. Masterson, lot 6A, 61A Darst Div. 3, Brazoria County, Texas
  • .0625 undivided interest in 0 Kenswick Drive, Humble, Texas
  • .25 undivided interest in 168 Tract 7-1, J. Lawrence Survey, 20.68 acres, Chambers County, Texas
  • .004688 royalty interest in Louder MM Phoenix Hydrocarbons T1S Block 36, Section 25, #/2, owner #11350, Martin County, Texas
  • .004688 royalty interest in Louder – Gulf, Phoenix Hydrocarbons T1S Block 36, Section 25, S/2 W/2 E/2 & S/2 E/2 E/2, owner #11350, Martin County, Texas
  • .0034843 (8/1148) non-participating royalty interest in 1148 acres of land in the Elisha Flowers League, A-38, Matagorda County, Texas
  • .50 mineral interest in 61.86 acres, more or less, being all of Lot 24 and the South half of Lot 22 of the Valley View Plantation Subdivision of lands in the El Gato Grant, Hidalgo County, Texas

 

Is associated with the Norwalk Senior Center (a nonprofit), as a member of the Board of Directors

Is associated with the Child Guidance Center of Mid-Fairfield County (a nonprofit), as a member of the Board of Directors

Is part of the Gail Levy Trust #1; trustee is Irwin L. Levy; Lavielle is beneficiary, receiving dividends and interest

The Gail Levy Trust #1 owns these securities:

  • Alphabet Incorporated Cap Stk Class C GOOG
  • Amazon.com
  • Black Stone Minerals LP
  • BLOOMFIELD CONN GO 5% 08/01/23 FA GO REF BDS 2017 LT BEO
  • CONN ST GO 5% 06/01/22 JD RFDG-SER C BEO
  • CONN ST SPL TAX OBLIG REV 4% 09/01/19 MS RFDG-TRANSN INFRASTRUCTURE – SER B BEO
  • CONNECTICUT ST REVOLVING FD REV 3.0000% 05/01/20 MN GEN REV GREEN BDS-SER A BEO
  • CONNECTICUT STATE HEALTH AND REV 07/23/14 07/01/48 CA EDUCATIONAL FACILITIES AUTH CPN 07/26/17 1.3000%
  • Danbury Conn GO 5% 07/15/21 JJ GO Bds 2017 Lt BEO
  • ENFIELD CONN GO 5% 08/01/18 FA GO BDS 2017 LT BEO
  • Fidelity Municipal Money Market Fund, Fuel Cell Energy
  • Goldman Sachs Bank Deposit
  • I Shares 20+ Year Treasury Bond Fund
  • JP Morgan Chase Bank Checking Account
  • MET TRANSN AUTH NY REV 4% 02/15/19 MN BD ANTIC NTS 2017 C-1A BEO
  • NEW LONDON CONN GO 3% 08/15/19 FA GO REF BDS 2016 LT INS BEO
  • PLAINFIELD CONN GO 5% 07/15/23 JJ GO BDS B LT BNK QUAL BEO
  • SEYMOUR CONN GO 4% 03/01/24 MS GO BDS 2017 A LT BNK QUAL BEO
  • Simsbury Conn GO 5% 06/15/21 JD GO BDS 2017 LT BEO
  • South Cent Conn Regl Wtr Auth Rev 4.0000% 08/01/19 FA Wtr Sys Bds Twenty 2nd Prere Ins S-t X-Ord Rdm
  • State of Connecticut GO 5% 12/15/22 JD GO Ref Bonds 2014 Series C BEO
  • State Street Hedged International Developed Equity Index Fund K Class
  • Targa Resources
  • TEXAS ST FOR PREVIOUS ISSUES REV 4% 08/30/18 FA SEE 882723 TRANS 2017 BEO

 

Lavielle receives interest from:

  • Massachusetts Mutual Life Insurance Policy
  • Morgan Stanley Bank account
  • National Financial Services

 

Lavielle has a car lease with Hann Financial

14 comments

Bob Welsh November 2, 2018 at 8:37 am

U.S. Rep. Jim Himes’s financial disclosure form is here:

http://clerk.house.gov/public_disc/financial-pdfs/2017/10021874.pdf

For federal races, candidates also fill out financial disclosures. The disclosure form for Harry Arora, who is running against Himes, is here:

http://clerk.house.gov/public_disc/financial-pdfs/2018/10024106.pdf

Federal disclosures include the size of each income stream or asset, within a range.

Disclosure reports for U.S. Senators and candidates for Senate are available here: https://efdsearch.senate.gov/search/

Piberman November 2, 2018 at 8:41 am

Much more entertaining to read about campaign promises of those “standing up for us”. In Norwalk our City motto seems to be “the more things change the more they stay the same”. That being said Rep. Lavielle and Wilms have had distinguished business careers. And that’s a very rare qualify in CT’s part time Legislature. Where the House speaker holds a full time job as a Union leader. No other State can make that statement.

Rem November 2, 2018 at 8:54 am

There’s some fuss about a candidate in 26th district due to their living arrangements and even has a complaint filed by state SEEC against them. So posting financial figures for public officials is not dumpster diving, it promotes a healthy democracy. And it gives any last minute undecided people a better perspective on who they might vote for based on accumulated wealth. Cheers.

bryan meek November 2, 2018 at 10:31 am

I fail to see how any candidates personal retirement assets or plans has anything to do with their governing. What did we really learn here by disclosing fractional shares of MLPs. Why not list the shares of stocks at the same time?
Why is there no disclosure of the pensions they are accruing from the state? Why stop there. You can get the assessed values of real estate holdings and mortgage records from town halls. Why stop there, you could follow them around to grocery stores and maybe they’ll drop a receipt on the ground.

And listing the Duff’s children’s college funds is creepy. Period.

Piberman November 2, 2018 at 3:51 pm

To Bryan:

When accomplishments on behalf of the “public” are modest we turn to “financials”. What else is there ?
Other than promises.

Of course if our Legislators were proud of their work representing the public they’d do it full time. Like most other States. And not have full time jobs on the side. Such as representing Labor Unions.

Maybe in CT we get exactly what we pay for – part time Governance in Hartford. Our public Union don’t seem to mind those arrangements. Taxpayers have some other thoughts.

Anyway in a campaign with precious few new ideas looking at financials is not a bad diversion. What do they tell us that we don’t already know. That some of our Representatives have had major private careers. And others have different “laurels”.

Maybe in the future we can see the homes that our Representatives live in. After all the salary isn’t great.

Maureen Avery November 2, 2018 at 8:06 pm

Innuendos about Bob Duff being employed by a state employers union reoccur. Please publish if this is true or fiction.

Rick November 3, 2018 at 12:04 am

If their stocks are poorly producing and we as taxpayers depend on sharp judgement to bank and spend our money maybe this is a good way to determine its time for a new team.

Not for nothing some people who invest try and stay within the USA to back companies and maximize profit. Businesses outside of the country that are wall st players pay less overall don’t they?

What I find interesting is the high tech companies that have so much controversy made the lists.

How does one say they are against 3 D guns when you have stock with companies that make the material to make such guns?

Whats interesting is to follow the money on some of the companies or holding ports .

Nancy can provide the facts , it now the responsibility of the reader to simply do some work and figure out how votes and laws could effect investments.

I fail to see, this is just creepy,drop a receipt on the ground?

Nancy did a great to produce fact, it wasn’t her job to connect the dots or even throw our rumors that fuel a shadow.

Connecticut legislators must fill out a financial disclosure form each year.

Why is it even a law ?

Malls automated parking garages Nursing homes group homes even sober houses are on the lists and no one thinks anything of it. You have to search and do a little work.

Its funny investment companies are the ones who make bad choices but legal ones and can never come back on an investor.

Most on the lists are not mainstream production companies , they are in the most part smoking mirror stock that have social consequences that are not located in the US.

Why spell it out , better to question the article than read it and learn something from it.

Thank you NON it was by far a great article giving us all an insight on what could influences any politician .

Imagine having stock to a company who has a large part of the 3D gun market, that’s a Republican investment if you listen to enough blue talk.

Bryan Meek November 3, 2018 at 4:07 pm

I’m less interested in Bob’s children’s college plans than Bob’s relationship with his realty firm of William Pitt that is owned by BLT.

BLT’s application for 710 apartments on Glover Ave sailed through our city government, citing a traffic study that said there would be no impact.

After the project started, we then learned that Glover Ave isn’t safe enough and now needs $11 million in road re-engineering.

You would think that Bob, who sells houses for the firm that iis benefitting from this $11 million,, would have recused himself from having anything to do with this. Instead he bragged about it.

Why weren’t taxpayers informed that this would be necessary for an $11 million subsidy given to BLT to make the project safe? Can we believe their projections for the number of school children too? Multiply this project times 100 across the state and you can begin to understand why the state is going bankrupt.

https://www.thehour.com/news/article/7M-approved-for-major-overhaul-of-Glover-Avenue-12625534.php

Rick November 3, 2018 at 8:29 pm

Thank you Bryan

I thought Id send a cryptic thoughts all from NON archives every word

Norwalk Zoning Commission in January 2016, call for reshaping Glover Avenue into a boulevard with islands, sidewalks and bicycle lanes to connect to the Norwalk River Valley Trail.

Was this part of the Million dollars Stantec got from the State of Ct for the study of a bike path in the area via the some rep ?

and then Stantec got

People want Norwalk to be more mobile, more bike and pedestrian friendly and Stantec, the consulting firm hired to help with the effort, is working on ideas for connecting the “little nodes and village areas” that are Norwalk, he said.

from NON archives

hat we need is a striping budget that is independent of paving,” Mushak said.

There are 18 miles of bike paths in the plan, he said. The average cost per mile for striping, including signage and symbols, is $27,000, he said.

Oh it gets better someone was almost killed in Norwalk last night where? standing on a bike lane sign painted in the street. but where? Oh it was a hit and run also…

NORWALK, Conn. – The new bicycle lanes on Strawberry Hill Avenue are confusing and dangerous, according to former Norwalk Police Chief Harry Rilling, who is trying to unseat 8-year Republican incumbent Mayor Richard Moccia in next month’s election.

This from our own cheez doodle

All we are asking for is an intelligent and context-based approach to our street and road design, with all stakeholders involved, just as Harry Rilling mentioned, including the bikers and children themselves! This is what other cities are doing. Harry Rilling gets it. Moccia does not. Plain and simple.

This wasn’t the first person hit with 2 weeks there.

Bottom line keep electing Democrats and hope no one you know gets hit by a car in a bike lane or vote for a 14 year state house wheeler and dealer and watch your taxes go up as his stock grows.

Take the players to court that wanted bike lanes for those victims , the last victim was scoop and screw to the er in tough shape,

The city should be proud bike lanes sont work.

The accident of a cruiser today was that also bike lane related? everyone went the er today from looked like a head on.

Sorry I couldn’t tie Duff into this but its worth reporting

Bryan Meek November 3, 2018 at 9:06 pm

@Rick. Hearsay, but BLT who owns Bob Duff was asked to donate nominally to the NVRT, a project that benefits their own investment in the area. They declined. Instead Bob is giving them $11 million of our money.

As for the Bike lanes, the bike/walk task force should be promoting safety instead of the fantasy that this city is safe to bike in. It isn’t. In Seattle, a city with real urban planning, they do bike lanes correctly but even there cycling fatalities are skyrocketing.

Personally I almost injured a cyclist riding north on SHA in the southbound bike lane where I was trying to make a legal right turn on red from Beacon. I stopped, looked left, right, and left again, eased my foot off the break to go right and just then a cyclist comes whizzing by from right to left. He’d be scraped off my grill if it was a split second sooner.

I was told by a very reliable source that the last DPW engineer we had was basically fired because he refused to put the bike lanes in on Belden due to the width of the road being outside recommended guidelines. A lot had been building up there, including expecting crews to show up and work eight hours, but this was his final straw. These are just guidlines, since there are no laws on on this specifically, so his successor put them in. Someone is going to get seriously hurt for the vanity of pretending to be a bike freindly / bike safe city. To date from this group I’ve seen no advocacy for safety in biking besides the chevrons that are soon to be surrounded by chalk lines.

I also haven’t seen the storm drain cleaner anywhere in the city in months, but thats another topic.

Ken November 4, 2018 at 7:09 pm

Rick
tell us how you you came up with that number of 27000 dollors a mile for bike lanes. It’s more like 27.00 a mile as all it take to make a bike lane is a few gallons of paint.

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