The Joint Commission on Public Ethics today announced that financial disclosure forms filed by the four statewide elected officials are now available online. The new disclosures for the first time publicly reveal the values of outside financial interests and certain clients of public officials.
Pursuant to the Public Integrity Reforms Act of 2011, all financial disclosures filed by elected officials in State government are to be published on the Joint Commission's website. While most disclosure statements are due to be filed with the Joint Commission by May 15, members and staff of the Legislature must first file with the Legislative Ethics Commission which then has through June 30 to turn them over to the Joint Commission for public disclosure. As soon as they are turned over, the Joint Commission will post on its website the disclosure statements filed by the elected officials in the Legislature.
Available now on the Joint Commission's website are the disclosures filed by Governor Andrew M. Cuomo, Lt. Governor Robert J. Duffy, Comptroller Thomas P. DiNapoli and Attorney General Eric T. Schneiderman.
Approximately 25,000 financial disclosures are filed with the Joint Commission each year. Those not on the website are publicly available from the Joint Commission upon request.
"Disclosure promotes trust in government and the State's new disclosure requirements will pull the curtain back on many of our State officials' outside financial interests," said Joint Commission Chair Daniel J. Horwitz.
With limited exceptions, those required to file publicly-available financial disclosure statements include State officers and employees in policy-making positions or who make an annual salary of more than $88,256, members of the Legislature, legislative employees, political party chairman in counties with a population of more than 300,000, and candidates for statewide office or a seat in the Legislature.
Required filers who knowingly and willfully fail to file a financial disclosure statement may be subject to a fine of up to $40,000 as well as other sanctions.
Publicly-available copies of financial disclosures on file with the Joint Commission may be obtained by clicking the Record Request link at the bottom of the website.