I have been getting comments from the Sheila camp, doing a little more disingenuous campaigning, about how Brad can survive on $9000 per year (which is his salary for being mayor). I realize that most Carbondale people are proud of not knowing anything about finances, but let's assume that Brad has read or understands the "Millionaire Next Door" concepts. This isn't hard stuff.
My estimated after tax, take home estimates are from 22 to 35, or 14 work years (numbers in the thousands) -
$30 $30 $40 $40 $40 $40 $50 $60 $70 $70 $70 $10 $10 $10 - Looks like just over $550k. You will notice that he made lots more then this many of those years, but it doesn't really matter. Give him $7 X 4 and $7 X 4 and $9 X 4 for his time on the Park District Board (guessing), City Council and Mayor. Looks like $92k or a total of $640k or so. Let's add in his cash settlement from the state at $150k, so that is $800k or so gross that we can easily account for.
When I was in my 20's, I had a few big stock market scores in Apple, Intel, VLSI Technology and Microsoft stocks. It is amazing how much $10k can turn into. I bought a house in Silicon Valley on my Apple winnings alone and sold it for a profit soon after. Everyone playing the US Stock market in a reasonable way is up, it likely that Brad is doing well in the stock market like the rest of us.
I need a number, let's say that Brad has been earning 10% on his loose money per year. Based on my model of income, he would be worth over $1M now. Compound interest is great isn't it?
We can see Brad has a car, but hasn't changed it for years. We know he has a little house in town somewhere. He doesn't drink or smoke, so no sin taxes. So, $30k for the car and $100k for the house? I bet it was more like $25k and $80k though.
Assuming that Brad has paid cash for everything, he could still have over $1M in the bank given a 10% annual return on investment. If he only made 5% (which means he is a fool) over the last 15 years, he would have over $500k in the bank. If he spends money wildly, which isn't his MO, he might only have $350k in the bank.
Those of you with your ear to the ground know that Brad's father passed on last year, so it seems possible that he received something from his father too.
Brad has made his tax returns public for many years, so it isn't like any of this is secret. If you want the exact numbers, it would take you maybe an hour to get them. I think Brad has enough money to be mayor as long as he wants to be mayor.
The real question isn't if Brad has the money anyway, it is if we should vote out a successful incumbent for someone who has no plan (OK, very little plan) and a track record that includes very little that has helped the city.
Of course, your comments are welcome and expected.