JACKSONVILLE, Fla. – Recently filed financial disclosure forms by members of Jacksonville’s City Council have revealed that the majority of them have a net worth exceeding $1 million.
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The forms, which are required to be filed by July 1 under Florida’s ethics law, show that at least 10 millionaires, all of whom are Republicans, make up the River City’s 19-member council.
Councilmembers Rory Diamond and Raul Arias have not yet filed, and will have until Sept. 1 to do so. Meanwhile, members Jimmy Peluso and Ju’Coby Pittman have filed, but their forms are not available as they require certain redactions.
Below is a breakdown of each city council member’s net worth and the notable assets or liabilities on their disclosure forms.
City Council Members (from highest to lowest)
- Mike Gay (R) (Net Worth: $8.8 million)
- The majority of his money, $5.3 million, comes from stocks in M. Gay Constructors Inc. Gay is the founder of the company
- Property in Madison, Fla., valued at $540,000
- $1 million in savings
- Lot valued at $700,000
- Earns $56,804/yr as city council member
- Household goods and personal effects valued at $77,500
- Matt Carlucci (R) ($6.4 million)
- Ownership of Matthew Carlucci Insurance Agency is worth $1.5 million
- Income includes nearly $700,000/year from State Farm, $10,000/yr from rental property
- Holds various assets, including property and IRA accounts, worth over $200,000
- Multiple vehicles valued at a total of $114,000
- Earns $48,591/yr as city council member
- Household goods and personal effects valued at $325,000
- Ron Salem (R) ($4.8 million)
- Home valued at $338,000
- Millions in investments in stocks and bonds
- $28,000 in income from PharMerica and $30,000 from Salem & Associates, a company that provides consulting services in the pharmaceutical industry
- Earns $56,000/yr as city council member
- Household goods and personal effects valued at $60,000
- Chris Miller (R) ($3.3 million)
- Earns income from U.S. military retired pay ($114,385) and Federal Civilian Pay ($106,042)
- Roth IRA: $170,189
- Thrift Savings Program: $1.1 million
- Holds various properties totaling nearly $2 million
- Earns $54,695/yr as city council member
- Household goods and personal effects valued at $94,000
- Will Lahnen (R) ($3 million)
- Home valued at $975,000
- Millions in various investment accounts
- Earns $164,000 in income from the Wounded Warrior Project
- Earns $61,891/yr as city council member
- Household goods and personal effects valued at $146,792
- Joe Carlucci (R) ($2.6 million)
- Owns 50% of Carlucci Insurance Agency, worth $2 million
- Earns over $400,000 a year from Carlucci Insurance Agency
- Holds millions in various stocks and funds
- Earns $45,357/yr as city council member
- Household goods and personal effects valued at $175,000
- Nick Howland (R) ($2.5 million)
- Home valued at $819,000
- More than $1 million in various investments
- Earns $117,000 in salary as the Executive Director of The Fire Watch
- Earns $72,000 from Great Bridge Capital Advisors
- Earns $50,452/yr as city council member
- Household goods and personal effects valued at $80,000
- Randy White (R) ($1.6 million)
- Home valued at $875,000
- $204,000 in a credit union account and $277,000 in retirement savings
- $183,000 in retirement from his retirement from JFRD where he served for 32 years and retired in 2011 as the Deputy Director Assistant Fire Chief
- Multiple vehicles valued at a total of $215,000
- Earns $68,071/yr as city council member
- Household goods and personal effects valued at $1.6 million
- Michael Boylan (R) ($1.57 million)
- Home valued at $568,000
- IRA account with $878,000
- Household goods and personal effects valued at $50,000
- Terrance Freeman (R) ($1.19 million)
- House and land valued at over $814,000
- $108,000 in income from Miller Electric Company and $24,000 from Fellowship of Christian Athletes
- Earns $54,880/yr as city council member
- Household goods and personal effects valued at $190,000
- Ken Amaro (R) ($595,000)
- Home worth $475,000
- Earns $60,000/yr as city council member
- Household goods and personal effects valued at $120,000
- Kevin Carrico (R) ($516,308)
- Owns condo with value of $325,000
- Over $280,000 in retirement accounts from the Boys and Girls Club of Northeast Florida and the City of Jacksonville
- Earned $149,000 from the Boys and Girls Club of Northeast Florida
- Earns $60,081/yr as city council member
- Household goods and personal effects valued at $99,000
- Tyrona Clark-Murray (D) ($223,022.78)
- Two properties valued at $170,000
- Earns income from Duval County Public Schools worth $79,000
- Earns $56,071/yr as city council member
- Household goods and personal effects valued at $50,000
- Rahman Johnson (D) ($118,965)
- Multiple properties valued at $385,000
- Earns $61,890/yr as city council member
- Household goods and personal effects valued at $65,000
- Reggie Gaffney Jr (D) ($100,000)
- Earned $59,000 from Community Rehabilitation Transportation
- Earns $60,000/yr as city council member
City Leaders (from highest to lowest)
- Supervisor of Elections Jerry Holland ($3.2 million)
- Home valued at $1.6 million
- Holds nearly $2 million in various savings accounts and funds
- Earns $207,791/yr as Supervisor of Elections
- Household goods and personal effects valued at $250,001
- Tax Collector Jim Overton ($2.5 million)
- $360,000 in retirement account
- $334,000 in IRA account
- Holds over $100,000 in various stocks
- Earns $215,241/yr as Tax Collector
- Earns $112,482 from Florida Retirement System
- Household goods and personal effects valued at $100,000
- Mayor Donna Deegan (D) ($1.26 million)
- Holds nearly $960,000 in a retirement account
- Holds $300,000 from Donna Deegan Inc.
- Earns $264,726/yr as mayor
- Household goods and personal effects valued at $5,000
- T.K. Waters (R) ($969,160)
- Home valued at $1.5 million
- Earns $277,000/yr as sheriff
- Household goods and personal effects valued at $460,000
- Clerk of Court Jody Phillips ($407,597.71)
- Home valued at $477,621
- Earns $203,791/yr as Clerk of Court
- Household goods and personal effects valued at $97,000
- Property Appraiser Joyce Morgan ($482,500)
- Home valued at $249,017
- Holds various assets totaling more than $100,000
- Earns $201,000/yr as Property Appraiser
- Household goods and personal effects valued at $55,000
