CHEYENNE — Members of Wyoming's congressional delegation have released documents detailing their personal finances for 2005, revealing a taste for sophisticated investments including municipal bonds, land and individual stocks.
All three members of Wyoming's delegation, Sen. Craig Thomas, Sen. Mike Enzi and Rep. Barbara Cubin, are Republicans, and all three make a base congressional salary of $162,100.
Thomas, as he has for several years, reports the largest and most wide-ranging investment portfolio among the state's delegation.
Thomas' 2005 report, which includes assets owned by his wife, Susan Thomas, states the value of publicly traded stocks and other securities and investments as being worth between $904,000 and $2.28 million.
Thomas and his wife reported 31 accounts for stocks, municipal bonds, mutual funds and bank deposits. They reported they earned between $21,900 and $69,500 last year on investment income.
Also among the investments listed by Thomas and his wife is a share of a family trust worth between $250,000 and $500,000.
Thomas notes on his report that he holds unpaid positions as a member of the board of the University of Wyoming Research Institute in Laramie, the Gottsche Rehabilitation Center in Thermopolis and Red Top Meadows, an adolescent treatment center in Jackson.
Enzi's 2005 report states his publicly traded assets and other sources of so-called unearned income as worth between $181,000 and $640,000. Enzi's investments generated between $3,900 and $9,500 last year, the report states.
Enzi had set up a blind trust in 1996, when he won his first election to the U.S. Senate. His staff has said he did so to avoid any appearance of conflict of interest.
According to his 2005 disclosure statement, Enzi dissolved a blind trust worth between $100,000 and $250,000 last December. Enzi's disclosure statement reports the blind trust generated between $1,000 and $2,500 in income last year.
Enzi spokesman Coy Knobel said Wednesday that Enzi had determined that the blind trust wasn't necessary.
"The dollars (Enzi) invests are in widely held mutual funds, so he still has no control over what the mutual fund buys," Knobel said in a written statement. "Also, his blind trust was so small that the fees cost more than the annual profit and as an accountant it certainly didn't make sense to allow that to continue."
Rep. Barbara Cubin, Wyoming's lone voice in the House of Representatives, reported investments worth between $289,000 and $836,000.
In addition to investments in stocks and mutual funds, Cubin reported owning land worth between $150,000 to $350,000. She reported deposits of between $100,000 to $250,000 in a federal savings plan.
Cubin reported income on investments of between $600 to $3,800 for the year. She also noted that she serves in an unpaid position as a member of the board of directors of the National Rifle Association.