We got it wrong
On Thursday afternoon, it was brought to our attention that vpap.org was displaying incorrect information about the value of securities disclosed by members of the 2015 General Assembly. Based on this erroneous information, the blog Blue Virginia
reported that three-quarters of legislators reported no appreciable stock holdings.
This is incorrect. VPAP had it wrong.
Our master was correct, but the numbers were wrong on vpap.org because of a flaw in a web query.
VPAP has uploaded the corrected data that accurately reflects what members of the 2015 General Assembly reported on their December 2014 Statements of Economic Interests.
VPAP also is in the process changing the description of this page to clarify the meaning of the value ranges shown. The ranges are intended to show the minimum total value of each legislator's reported securities. (We use the minimum value approach because there is no way to determine upper value for some legislators. The disclosure forms require only value ranges to be listed for each security. For instance, if someone reported a mutual fund valued at "More than $250,000," the holding could be worth $250,001 or it could be worth $25 million. The only thing we know for certain is the holding is worth at least $250,001.)
VPAP works hard to get it right, to present a complete and accurate reflection of information reported on disclosure forms. In this case, we did not live up to our own standards. We apologize for having put out information that created an incorrect impression.
Virginia Public Access Project
Dec. 3, 2015