State Treasurer Bruce Poliquin listed seven private sources of income — including his two businesses — on a 2011 annual financial disclosure report filed earlier this month.

Poliquin, a Republican candidate for the U.S. Senate, owns the Popham Beach Club in Phippsburg and Dirigo Holdings, a condominium developer. His other income sources are real estate and financial investments. The financial report only includes sources of outside income and does not say how much income they provided.

Poliquin’s private business activity has drawn criticism from Democrats because the state Constitution prohibits the treasurer from engaging in business.

Attorney General William Schneider advised Poliquin to hand off his business duties to others, and Poliquin has said he no longer is involved in the day-to-day operations. The Maine Supreme Judicial Court declined a request from the House of Representatives earlier this year to rule on whether Poliquin has violated the constitution.

Poliquin had to amend his financial disclosure report filed last year after Democrats complained it did not include his businesses. This year, Poliquin listed those businesses and more, including his son’s summer internship in New York City.

Poliquin’s disclosure form is one of dozens filed this month by executive officers of the state and now on file at the Maine Ethics Commission. The disclosures are required annually to reveal any financial conflicts of interest. Most forms are short and sweet.

Gov. Paul LePage, for example, reported no sources of additional income. He did report liabilities, including a car loan and a mortgage. And he disclosed that he is a member of the Rotary Club and the Lions Club.

Schneider, also a Republican U.S. Senate candidate, reported that he received investment income and disability compensations from the Department of Veterans Affairs. Schneider uses a wheelchair as the result of an accident while he was serving in an Army special forces unit.

Secretary of States Charlie Summers, also running as a Republican for U.S. Senate, reported investment income and a second income as a commander in the U.S. Naval Reserve.

The reports are available at www.maine.gov/ethics/executive/2011_executive_soi.htm.

 


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