Byline: Steve Patterson
Jacksonville Mayor Alvin Brown has agreed to pay a $500 fine for not filing a complete financial disclosure report, state records show.
A state lawyer reporting to the Florida Commission on Ethics negotiated the settlement proposal after a disclosure complaint was filed last year by David Hodges, a Northeast Florida private investigator.
The settlement proposal, which Brown apparently signed Friday, concluded he failed to disclose that he cashed-out part of an individual retirement account in 2010.
The money taken from the IRA, about $50,000, should have been listed as income, said a state investigation report.
The report also said Brown should have reported $43,142 of income from Brown Empowerment LLC, a consulting company that listed him as chairman. However, Brown did list the company as a "secondary source of income," the report noted.
The state lawyer recommended finding Brown violated the law by not listing the IRA cash as income, but not making that finding about income from Brown Empowerment.
The commission will consider the settlement proposal at a meeting June 15. …