AUGUSTA — Disclosure forms for the two major-party candidates looking to replace Olympia Snowe in the United States Senate make them look pretty normal, with a few outliers.
The campaigns of Republican Secretary of State Charlie Summers and Democrat State Sen. Cynthia Dill released financial disclosure reports Friday to MaineToday Media. Both candidates missed a hard June deadline to file the reports with the United States Senate. The reports were due in May, but candidates filing more than 30 days late face a possible $200 fine.
Neither report is as in-depth as the 25-page offering submitted by independent former Gov. Angus King, but they give glimpses into assets owned by both, some of which hasn’t before been publicly revealed.
Dill, 47, didn’t report making any money as an attorney in 2011 and 2012 to date, though records from the Maine Board of Overseers of the Bar say she’s authorized to practice. She also withdrew $30,000 from a retirement account during that period.
She’s also been paid $2,500 as a consulting fee from Friends of Maine Woods, a group she’s president of and has said she founded to support environmentalist Roxanne Quimby in her effort to donate land for the creation of a national park in the North Woods. The Portland Press Herald reported in May that Quimby has given Dill’s campaign $2,000.
Summers, 52, didn’t report any income other than $70,000 in salary from his state job over the reporting period. His office told MaineToday Media earlier this month that his annual salary is $72,727.
Campaign manager Lance Dutson told the Bangor Daily News on Friday that Summers actually made approximately $105,000 over the period and must revise the report. Dutson couldn’t be reached by press time.
Summers also holds one position outside of government, as an adviser to Hope for the Warriors, a North Carolina group that provides support to wounded service members. He didn’t report being paid for that work.
Dill reported earning $35,654 in earned income in 2011 and 2012 to date. The $30,000 retirement fund draw was also reported as income. She also reported $4,000 in income as a writing fee from the Dill Leadership PAC, which she has said was for writing a blog, DCW, an abbreviation for Dill’s Conventional Wisdom.
Dill said she also made $22,711 as a legislator since 2011’s beginning, along with $5,793 from her work as an adjunct faculty member at Southern Maine Community College in South Portland and $650 as a consulting fee from Common Cause, a national lobbying organization promoting open government.
Summers’ report, three pages shorter than Dill’s, shows he holds between $15,001 and $50,000 in dividends in Wal-Mart, PepsiCo and Exxon Mobil, but has made $1,000 or less on each of the three.
Altogether, his reported assets held in a bank account, dividends and mutual fund accounts add up to between $77,007 and $331,001.
He didn’t report any property value, though records from his town of Scarborough say he lives on Burnham Road with a home and nearly 11.5 acres valued at $280,800 by the town.
Dill reports owning a condominium unit in her hometown of Cape Elizabeth, but making less than $201 in income in rent from it. The town values the condo and land at $170,200. She said assets related to her home law office are worth between $15,001 and $50,000, while a limited liability corporation membership interest in New Hampshire made her between $5,001 and $15,000 in capital gains income.
She also didn’t report her home on Shore Road. Town records say the house and land were assessed by the town at $488,100 in 2011.
Dill’s reported assets, in four checking accounts and dividends held in two mutual fund accounts, add up to between $6,006 and $90,000.
She said she netted less than $1,206 in income from those and is on the hook for an on-demand business line of credit from 5 percent to 8 percent interest and a seven-year, 5 percent-interest rate mortgage on that rental condo in Cape Elizabeth she entered into in 2005.
The candidates’ spouses’ jobs were also reported: Dill’s husband Thomas Clarke reported more than $1,000 in salary for both a teaching position at Thornton Academy in Saco and a job with the town of Cape Elizabeth.
Summers’ wife, Ruth Summers, reported the same amount for her former job running a scholarship organization for schools owned by Education Management Corporation.
Michael Shepherd — 621-5632
mshepherd@mainetoday.com
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