A new disclosure form released for the first time shows Gov. Andrew Cuomo’s assets are worth at least $1.8 million, with the vast majority of that figure tied up in a blind trust.
The trust and a retirement account from his days as the federal housing secretary are worth as much as $2.2 million, according to the form, which was posted on the Joint Commission on Public Ethics’ website Thursday afternoon.
Each of the statewide elected officials were required to turn in a form this year as part of an ethics reform package passed in 2011 that required greater disclosure form lawmakers and other officeholders. That form was due Thursday, though lawmakers’ won’t see theirs released for 45 days.
Each official is required to disclose assets like mutual funds and trusts and a range of their worth. The trust Cuomo holds with AMG, for example, is worth between $1.75 million and $2 million, according to his form.
For Cuomo, the worth of his assets were easy to pin down because he only listed two. The range categories, however, make it much more difficult to place a value on Attorney General Eric Schneiderman’s assets, though. He listed a few dozen bonds, trusts and mutual funds, which each listed with a different worth category. Those assets are worth at least $2.9 milllion, but could be much higher.
Here’s Cuomo’s form: