A.G. Gancarski
State Rep. Wyman Duggan, a Westside Jacksonville Republican, is the newest member of the Duval Delegation. But that’s not his sole distinction.
The HD 15 freshman’s initial Form 6 financial disclosure reveals that the connected lawyer is better heeled than his local counterparts.
Duggan’s reported net worth of $1.315 million includes assets of $405,000 in household goods and effects, a $310,000 home in Ortega, and roughly $800,000 in stock, most of it in funds.
Liabilities include a $156,400 mortgage with Mr. Cooper, and roughly $92,000 in auto loans.
A lawyer with Rogers Towers, making just over $278,000 a year, Duggan also has roughly $27,000 in capital stock.
Per his company bio, Duggan “has obtained state and local government development entitlements for numerous residential, commercial, and industrial projects throughout Northeast Florida, and has secured over $30 million in property tax assessment reductions for taxpayers.”
Duggan is the only Duval state Rep to report a seven-figure net worth in 2018 (with the caveat that not all have reported yet). Some had net worths well under that threshold.
Rep. Cord Byrd, who represents the Jacksonville Beach inclusive HD 11, has a net worth of just over $550,000, up roughly $100,000 since his first filing two years prior.
Like Duggan, Byrd is a lawyer, but a solo practitioner. He reports law income of just over $65,000 a year. His business interest in his law office, meanwhile, is $275,000.
Byrd has a home valued at just over $400,000, but with over $298,000 of mortgage and home loan liability.
Rep. Clay Yarborough, who spent eight years on the Jacksonville City Council before becoming a member of the House in 2016, has a net worth of under $50,000.
A UPS employee by trade, the Arlington Republican identifies $60,000 in personal effects as his sole assets. He had $5,000 in checking against a $16,000 auto loan.
Rep. Tracie Davis, one of two Democrats in the delegation, has yet to report for 2018. However, her net worth was just under $85,000 in 2017, the value of a $120,000 rental property offset by loans.
Rep. Kim Daniels, the other House Democrat, likewise is behind on the current filing.
However, her previous year’s document revealed a net worth of $485,040, a number boosted by $350,000 of “personal effects.”
Daniels’ parsonage in Davie, via her Spoken Word Ministries, is her main asset, valued at $952,810.
However, with a $748,000 mortgage and over $103,000 on a Wells Fargo line of credit, much of that was offset by liabilities in the reverend’s name.
Rep. Jason Fischer, the Republican representing House District 16, has yet to file the current Form 6. Last year, he reported a net worth of just over $187,000.
Assets of just over $427,000 included a $287,000 house in Mandarin. He also had over $240,000 in various loans at that point.
Duval’s legislators, as a group, are financially behind those in nearby counties.
Rep. Travis Cummings, the Clay County Republican who chairs the House Appropriations Committee, has seen his net worth increase well over 400 percent while serving in the House.
At the end of last year, the HD 19 incumbent was worth about $3.618 million, far ahead of the $814,964 he was worth at the end of 2012.
Assets of $4.38 million include $1.475 million invested with Merrill Lynch, $1.036 million in investments via NFP (common units and a 401k), and a $1.375 million manse in Fleming Island (with over $700,000 in mortgage liability).
Income is substantial, via the Cummings Consulting Group.
Between salary/wages and business income, Cummings made $588,000 in 2018, dwarfing his House salary (under $30,000).
That $588,000 number is more than double what Cummings made from the consulting group in 2012.
Rep. Bobby Payne, who represents part of Clay, along with Putnam and Bradford Counties, is almost in the $3 million club himself.
His over $2.8 million net worth includes over $2 million in retirement funds and just under $600,000 divided among a home in Palatka and a rental in St. Augustine.
Rep. Cyndi Stevenson, a St. Johns County Republican, is not far behind Payne. Her reported net worth is just below $2.5 million, with under $8,000 in liabilities.
Stevenson has $1,235 million in real estate holdings, along with over a million dollars in retirement and investment accounts.
