Four Measures of Lawmakers' Wealth

How the personal finances of Republican and Democratic state legislators differ.

Securities: Lawmakers are required to list all stocks, mutual funds, bonds and other securities valued at more than $5,000 on Schedule C. Each security is assigned a value range. VPAP summed the lower value of each legislator's holdings to arrive at a minimum value. Because of the ranges, actual values are likely much more than what is shown here.

Rental Property: Lawmakers are required to list all rental property on Schedule D. VPAP counted the number of lawmakers who reported generating income as a landlord.

Credit Card Debt: Lawmakers are required to list all liabilities (other than mortgage on their primary residence) greater than $5,000 on Schedule B. VPAP counted the number of lawmakers who listed at least one credit card debt.

Vacation/Second Home: Lawmakers are required to list real property valued at more than $5,000 on Schedule E. There is no requirement to identify property has a "vacation" or "second" home, so VPAP made judgments based on the description provided and location of property. VPAP also included some rental properties on Schedule D located on the beach, lakes or ski resorts. Included in "second" home are residences and condos in Richmond used during the General Assembly session.

Source: Personal financial disclosures that the 140 members of the Virginia General Assembly filed in February 2020 with the Virginia Ethics Council.