Braddock Mayor and US Senate candidate John Fetterman promised to file a tardy financial-disclosure statement before the end of the year. He also promised it wouldn't reveal stunning personal wealth.
He's delivered on both counts.
Mr. Fetterman has been dinged for not filing the form, which was due in mid-October, sooner. He's called the lapse an oversight, and judging from the form, the delay doesn't appear to have stemmed from the need to count huge piles of cash.
In a statement filed with the Senate just before 5 p.m. today, Mr. Fetterman reported a total of $4,000 in earned income for 2014 and 2015. The bulk of that, $3,600, came from his $150-per-month position as mayor of Braddock; an additional $400 came from a 2014 speech at Indiana University of Pennsylvania, though Mr. Fetterman wrote that the honorarium went "directly to charity."
As Mr. Fetterman has previously told reporters, his principal source of income appears to be his parents. In a comment attached to his filing, Mr. Fetterman writes that "while it is not mandatory to disclose gifts from family members," he was doing so "in the interest of full transparency." In 2015, he wrote, both he and his wife received $27,000 from Mr. Fetterman's parents, for a total of $54,000. "Their generosity supports our family while [I am] serving as the mayor of Braddock," wrote Mr. Fetterman.
Candidates must also disclose the value of real estate, bank accounts, and other assets. The disclosure forms only indicate a dollar range for the value of each asset or account, so it's difficult to be precise about any candidate's net worth -- though Mr. Fetterman provided values down to the penny in some cases. But he reports banking accounts and stock holdings worth roughly in the range of $6,000 to $48,000. (On the other side of the ledger, he holds a mortgage with a balance of $24,247.) He also reports saving accounts for his children worth between $115,000 and $250,000.
Each of those assets produced $200 or less in interest or other income, the filing shows.
Mr. Fetterman's real estate assets include his own Braddock home, with an assessed value of $120,900, and a second property in nearby North Braddock. Mr. Fetterman, who once owned three homes in the community, previously told the Post-Gazette that he allowed people to stay in the home rent-free, and his filing reflects no rental income from it.