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4 LIers among state legislators worth $1 million or more, says report

ALBANY -- Four Long Islanders -- Sens. Jack Martins and Kenneth LaValle, and Assemb. Charles Lavine and Steven Englebright -- rank among the 20 New York State legislators worth $1 million or more, according a new report.

The New York Public Interest Research Group and Common Cause, two groups that monitor state lawmakers, Tuesday released a report and database based on new, more detailed financial disclosure forms that legislators filed earlier this year. The report focuses on lawmakers' outside income and household worth.

Twenty lawmakers have assets worth at least $1 million, the report found. The wealthiest lawmaker by far is Assemb. Jane Corwin (R-Clarence), whose household net worth is estimated between $40 million and $74.6 million. Lawmakers must provide a range for income and assets, not a precise figure.

Corwin's father owned The Talking Phone Book, a company that was sold in 2004 for a reported $400 million. Corwin and her husband worked at the company.

Lavine (D-Glen Cove) ranks No. 3 in the state with between $6 million and $10.6 million, largely attributed to investments.

Martins (R-Mineola) ranks No. 10 with between $3.2 million and $4.1 million in assets. More than half comes from stock in J&A Concrete Corp. and J&A Contracting, two Bohemia businesses owned by the family.

Englebright (D-Setauket) ranks No. 17 with between $1.8 million and $2.9 million in assets; the largest chunks are his lots on Shelter Island worth between $500,000 and $1 million.

LaValle (R-Port Jefferson) ranks No. 18 with between $1.6 million and $2.7 million in assets, through investments, IRAs and other accounts.

Corwin also reported earning the most money outside of government service among lawmakers. She made between $1.6 million and $1.8 million in 2012, largely through investments.

Assembly Speaker Sheldon Silver (D-Manhattan) ranked second in 2012 income, reporting between $592,000 and $920,000 through investments and his work at Weitz and Luxenberg, a Manhattan law firm.

Sen. Lee Zeldin (R-Shirley) ranked No. 10, with between $137,000 and $270,000 in income in 2012, through his law practice, real estate, investments and pay as an Army Reserve officer.

Senate co-leader Dean Skelos (R-Rockville Centre) ranked No. 11, with 2012 earnings of $152,000 and $263,000, through his law practice, investments and deferred compensation.

Reported earnings do not include state legislators' part-time salary of $79,500. Most also receive a stipend for leadership and committee posts, pushing average salary above $90,000.

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