AUGUSTA — The two major-party candidates to replace U.S. Sen. Olympia Snowe have filed required financial disclosure reports, well after the deadline.

The campaigns of Republican Secretary of State Charlie Summers and Democratic state Sen. Cynthia Dill released the reports Friday to MaineToday Media. Both candidates missed the deadline to file the reports with the Senate. The reports were due in May, and candidates who file more than 30 days late face a possible $200 fine.

Neither report is as in-depth as the 25-page offering filed earlier by independent Angus King, but they give glimpses into assets owned by Summers and Dill.

Dill, 47, didn’t report making any money as an attorney in 2011 or in 2012 to date, though records from the Maine Board of Overseers of the Bar say she’s authorized to practice. She withdrew $30,000 from a retirement account during that period.

She was paid $2,500 as a consulting fee from Friends of Maine Woods, of which she’s president. She has said she founded the group to support environmentalist Roxanne Quimby in her effort to donate land for the creation of a national park in Maine’s North Woods.

The Portland Press Herald reported in May that Quimby has given Dill’s campaign $2,000.

Advertisement

Dill reported $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.

Dill said she also has made $22,711 as a legislator since the start of 2011, 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.

Dill reports owning a condominium unit in her hometown of Cape Elizabeth, 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 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.

Summers, 52, reported only $70,000 in salary from his state job. His office told MaineToday Media earlier this month that his annual salary is $72,727.

Advertisement

Campaign manager Lance Dutson told the Bangor Daily News on Friday that Summers actually made about $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 advisor to Hope for the Warriors, a North Carolina-based group that provides support to wounded service members. He didn’t report being paid for that work.

Summers’ report, three pages shorter than Dill’s, shows he holds between $15,001 and $50,000 in dividends in Walmart, 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 hometown of Scarborough say he lives on Burnham Road with a home and nearly 11.5 acres valued at $280,800 by the town.

Kennebec Journal Staff Writer Michael Shepherd can be contacted 621-5632 or at:

mshepherd@mainetoday.com

Copy the Story Link

Only subscribers are eligible to post comments. Please subscribe or login first for digital access. Here’s why.

Use the form below to reset your password. When you've submitted your account email, we will send an email with a reset code.