Update: We've put the personal disclosure forms from all three candidates online. Download them here. Also, this blog post was updated into a somewhat more expanded story later in the day Thursday; read it here.
From Erika Bolstad in Washington D.C. –
Republican Joe Miller has filed his financial disclosure forms with the Senate. The documents, which detail the finances and potential conflicts of all senators and Senate candidates and are a requirement of both, were turned into the Senate public records office Thursday afternoon.
Miller was supposed to turn his form in sometime in April, when he had more than $5,000 in campaign donations in his campaign account. He never turned one in, though – an omission that the campaign said was unintentional. However, both Sen. Lisa Murkowski and Democrat Scott McAdams filed their forms. There's more information here about what's in their disclosures.
He could face fines for turning the disclosure form in late; no one with the Senate Ethics office was available for comment Thursday. However, there's a $200 penalty for filing even one month past the due date and failing to file the disclosure forms entirely can result in a fine of up to $50,000.
It's difficult to determine the actual net worth of senators or senate candidates, because their debt and assets both are expressed in ranges. They're also not required to list any information about their primary residences, so without that information it's almost impossible to get a full picture of everything they own – and owe.
The disclosure forms show that in 2009, Miller made $59,348 from his law firm and $38,056 from the Fairbanks North Star Borough. His wife drew a salary from Fairhill Christian School, although he is not required to disclose the amount – he only must say that it is more than $1,000.
He owes himself between $100,001 and $250,000 for a campaign loan, according to the paperwork. Documents filed with the Federal Election Commission show that he loaned himself $103,920 for the campaign.
Miller also has a substantial amount of credit card debt, including between $35,003 and $80,000 on three separate charge accounts: two cards charging 10.24 percent interest with Bank of America and one zero percent interest loan with USAA Federal Savings Bank. He also owes student loans valued at $15,001 to $50,000. A federal judicial disclosure report released today by the federal courts from Millers' time as a federal magistrate show that in 2004 he owed between $30,001 and $55,001 for his law school education.
Miller and his wife have between $15,001 and $50,000 in a money market mutual fund IRA with TD Ameritrade, and own his law offices, valued at $50,001 to $100,000. Rent at the law firm brought in $50,001 to $100,000 last year. He has a savings account valued between $15,001 and $50,000.
Miller also declares a $15,001 to $50,000 share in the A Street Apartments in Fairbanks. He and his wife also own undeveloped farmland in Delta Junction valued between $250,001 and $500,000. The land appears to be the same farmland he borrowed from the state of Alaska's Agricultural Revolving Loan Fund. He has a 5 percent mortgage of between $50,001 and $100,000 on that property, according to the disclosure form. The disclosure report he filed when he was a federal magistrate show that the note on the farm property was valued in 2004 at $50,001 to $100,000.
Miller on the form declared receiving the Alaska Permanent Fund Dividend from seven dependent children, plus his and his spouse's dividend, for a total of $11,745.
Senators and Senate candidates are required to file financial disclosure forms to give the public a glimpse at the investments, personal wealth and potential conflicts of interest of those who want to represent them.
Such forms provided the foundation of the criminal case against former Alaska Republican Sen. Ted Stevens, who was indicted for lying on his forms. A federal jury found him guilty, but the judge threw out the indictment after allegations of prosecutorial misconduct came to light.