Two Daytona Beach Shores city commissioners have resigned as the latest in a wave of local elected officials leaving before Jan. 1, when they face more stringent financial disclosure requirements.
Mel Lindauer, a Shores commissioner since 2016, told The News-Journal on Wednesday the new requirement − submitting what’s known as Form 6 − is “totally invasive” and serves no purpose.
Commissioner Richard Bryan, who has also served since 2016, said in his Dec. 21 resignation letter that he had another priority but added the Form 6 issue “affected the timing” of his decision.
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Many state officials already file a Form 6, including the governor and Cabinet, legislators, county council members and sheriffs. The forms require disclosure of the filer’s net worth and holdings valued at more than $1,000, including bank accounts, stocks, retirement accounts, salary and dividends.
Yes, depreciation is a pretty standard thing.
The law was written to specifically target city level officials (who are often Democrats) and includes jail time for any errors found during an audit.
The law specifically does not apply to state level officials (who are almost all Republican).
So it is an open question if depreciation is considered at all, because this law is not a Transparency Law, it’s a “Punish Democrats we don’t like with Jail” law.