Canton Repository

June 15, 2005

DeWine’s assets increase in value, but Voinovich’s decrease

By Paul M. Krawzak
Copley News Service

WASHINGTON — Sen. Mike DeWine’s assets appear to have grown since last year, while Sen. George Voinovich’s seem to have lost value, according to yearly financial disclosure statements released Tuesday.

The assets held by DeWine and his wife, as reflected on the statements, grew to between $7.1 million and $35.3 million during 2004. His previous disclosure statement showed his assets between $3 million and $15.3 million in 2003.

The two Ohio Republicans are among the majority of senators who filed the required reports on time. Several senators sought extensions for the disclosures, which are required by federal ethics laws.

Because the reports require disclosure only within broad ranges, it is impossible to pinpoint lawmakers’ exact assets and income.

The assets reported by Voinovich and his wife fell to between $804,000 and $2.5 million in 2004, compared to a range of $820,000 and $2.6 million in 2003.

The reports do not include lawmakers’ primary residences or vehicles.

Voinovich reported one trip paid for by a private entity, as well as the receipt of a gift.

From Jan. 15 to 17, 2004, Voinovich attended a seminar on health care issues at Turnberry Isle, Fla., which was paid for by the Commonwealth Fund, according to the report. The New York based private foundation supports independent research on health and social issues.

Voinovich also recorded the gift of a statue donated to the Voinovich Center at Ohio University by Fairfax Development Corp. in 2004. The statue, valued at $6,500, recognizes long public service of the the former Ohio governor and Cleveland mayor.

The assets of DeWine, a former state’s attorney, include a trust fund he received from his parents valued at between $1 million and $5 million. He also reported millions of dollars in investments in a holding company and investment partnership.

The bulk of Voinovich’s investments are in bonds, but he also reported holdings in stocks as well as his state retirement plan.