Finance
Former candidates’ finance reports herald the past — and the future
EVANSVILLE — For former Evansville Mayor Lloyd Winnecke, the required ritual of filing annual campaign fundraising reports signaled the end of an era in local politics.
The 2023 year-end report that Republican Winnecke filed Jan. 17 was accompanied by paperwork disbanding his political committee with no money in it. The former three-term mayor, who reported raising and spending more than $1.2 million for one of his re-election campaigns, didn’t run again last year. He did receive $18,000 in donations to go with $200,000-plus that he already had — but he spent it all in 2023 and shut the whole thing down.
For other former candidates who haven’t sought elected office in a while, the annual accounting of how much money remains in the kitty represents yet-to-be-realized hope. Or at least keeping the door open. Most don’t have anywhere near the amount a mayor typically raises, but they don’t need as much either.
More: Evansville mayoral candidates file reports painting very different pictures
Jason Ashworth, a Democrat who ran unsuccessfully for Vanderburgh County sheriff in 2022, said the $1,043.62 still rattling around in his campaign account might be seed money for a future campaign for him — or his wife, Kendyl.
“She’s in her 31st year of school teaching, and she obviously is very invested in (Evansville Vanderburgh School Corp.), the kids in the corporation and in the community,” Ashworth said.
Whenever Kendyl Ashworth becomes eligible, her husband said, she might entertain the notion of seeking a seat on the EVSC school board. Or not. If neither of them runs for elected office, Jason Ashworth said, the leftover thousand dollars-plus will go “to charity or another candidate.”
Indiana state law 3-9-3-4 spells out ways money in campaign accounts may be spent, including “activity related to service in an elected office” and “continuing political activity.” The money can’t be used to pay personal expenses, but the law allows it to be spent for a variety of political actions. Giving money to other candidates is a common use of campaign funds.
County Coroner Steve Lockyear still holds elected office, but he has served the maximum allowed two consecutive terms in office and may not seek re-election this year. Lockyear said he plans to retire — but there’s still the matter of the $519.06 left in his campaign fund.
“I think legally you can donate to another candidate or to the party, and that’s probably what I’ll do,” said Lockyear, a Democrat. “It’s been one of those things my wife (attorney Krista Lockyear) and I have discussed over the last four years, on getting rid of the account — but you fill out one of these papers and you kind of forget about it until the next year. Then you start going, ‘Oh darn, we’ve got to file that report again. We need to close that account.’”
For some former candidates, intrigue remains
Sometimes there’s enough in a former candidate’s still-active campaign account to raise eyebrows — and questions about the future.
Former Vanderburgh County Prosecutor Nick Hermann, who last sought office more than a year and a half ago, reported that he still has more than $39,000 in his account.
Hermann is the subject of persistent rumors in legal and political circles that he will seek a Superior Court judgeship this year, but he did not return messages about his political plans or the money in his campaign account. The deadline for filing candidacy is Feb. 9.
School board member Amy Word, who is fighting a felony criminal charge that accuses her of “maintaining a common nuisance” at Lamasco Bar & Grill, has said she will not seek re-election in 2024.
But Word did file an annual campaign finance report Thursday, one day after the state deadline for doing so.
Word reported that she still has nearly $2,600 in her campaign account. She reported raising no money in 2023 and spending just 50 cents from her the account, an un-itemized expenditure.
Phone and text messages to Word went unanswered.
More common is the report filed by Steve Ary, an unsuccessful mayoral candidate in 2019. The Committee to Elect Steve Ary reports having “$0.00” cash on hand, mainly because he hasn’t sought any elected office for several years.
But never say never.
“I intended on keeping (the campaign account) in case I was going to run again and, quite frankly, I don’t know that I am yet,” Ary said.
Finance
Stock market today: Dow, S&P 500, Nasdaq fall after Christmas break
US stocks fell Thursday as trading resumed after the Christmas holiday, as Wall Street digested one of the only economic data points of the week.
The S&P 500 (^GSPC) was down 0.3% while the the tech-heavy Nasdaq (^IXIC) declined 0.3%. The Dow Jones Industrial Average (^DJI) lost 0.4%, leading the way down.
Meanwhile, bitcoin (BTC-USD) slumped, falling below the $96,000 level as volatile trading continued. Crypto-linked stocks like MicroStrategy (MSTR) tracked the declines.
Markets looked to be struggling in a bid to extend the start of the “Santa Claus rally,” which kicked off with a bang on Tuesday. All three major indexes rose around 1%. The S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) are within striking distance of their records after clawing back gains from a Fed-fueled dive last week.
As Wall Street saunters back from its holiday break, the normally routine release on weekly jobless claims took more of a spotlight than usual, as the only piece of the jobs puzzle on the docket this week.
Labor Department data released prior to the market open showed weekly jobless claims fell to 219,000 compared with expectation of 223,000. However continuing claims surged to 1.19 million in the week ending December 14 to the highest level since November 2021, in a sign the labor market may be cooling.
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Finance
Former Finance Manager of Historic Sotterley Charged with Embezzlement of $15,000
Angela Marie Hanson, 52, of California, Maryland, has been indicted on charges of embezzlement and theft following allegations of financial misconduct during her tenure as Finance Manager for Historic Sotterley, Inc. According to court documents, Hanson is accused of stealing nearly $15,000 over a five-month period from October 31, 2023, to April 15, 2024.
Hanson, who oversaw financial operations at the historic property, is scheduled for her initial court appearance in the Circuit Court for St. Mary’s County on January 13, 2025. She faces a felony charge of theft scheme involving $1,500 to $25,000, a misdemeanor embezzlement charge, 50 counts of theft between $100 and $1,500, and 17 counts of theft under $100.
Authorities allege that Hanson misappropriated funds using a debit card linked to Historic Sotterley’s “Museum Shop” account. Over 50 ATM withdrawals and several unauthorized purchases were reportedly made at local businesses, including gas stations and convenience stores.
Court filings claim Hanson also transferred funds between Historic Sotterley’s accounts to conceal her activities. Investigators allege that Hanson continued these actions even after her employment ended in February 2024.
The St. Mary’s County Sheriff’s Office led the investigation, which included reviewing banking records, witness testimony, and surveillance footage. Historic Sotterley’s Executive Director identified Hanson as the only individual with access to financial systems and administrative rights during the period in question.
Investigators state that surveillance footage shows Hanson conducting ATM withdrawals using the organization’s debit card. When questioned by law enforcement, Hanson acknowledged managing Historic Sotterley’s finances but denied any intent to defraud.
Finance
The Secret to Making Successful Financial New Year’s Resolutions – NerdWallet
The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
The start of a new year can bring a surge of motivation around setting new goals, including financial resolutions.
One way to help those goals become reality, financial experts say, is to make them as specific as possible. Then, track your progress, while allowing flexibility for unexpected challenges.
“It’s easier to track progress when we know where we are going,” says Sylvie Scowcroft, a certified financial planner and founder of The Financial Grove in Cambridge, Massachusetts.
That’s why she encourages her clients to set clearly defined goals, often related to paying off a specific debt, saving a certain amount per month or improving their credit score.
Here are more tips from financial experts about crafting 2025 financial goals:
Pick your top priorities
Trying to accomplish too much can feel overwhelming. Instead, pick your priorities, says Cathleen Tobin, CFP and owner of Moonbridge Financial Design in Rhinebeck, New York.
She suggests focusing on those big, often emotionally-driven goals to find motivation.
“It’s more compelling than just a number,” she says. For example, do you want to make sure you’re on track for retirement or save money for a house? “Start there.”
Be as specific as possible
Scowcroft says she sees clients get tripped up by selecting overly broad goals, such as “get better with money.” Instead, she encourages people to select specific action items, such as “sign up for a budgeting tool and set aside time each month to learn where my money is going.”
That level of specificity provides direction so you know what steps to take next, she adds. For example, if your top priority is to become debt-free, then your specific goal might be to pay off an extra $200 of your debt balance each month.
Tobin says labeling savings accounts so they correspond with goals can also help. An emergency fund could be named something like “Peace of mind in 2025,” so you remember why you’re saving every time you make a transfer.
“It’s more motivating than just ‘emergency fund,’” Tobin says.
Get more financial clarity with NerdWallet
Monitor your credit, track your spending and see all of your finances together in a single place.
Track your progress
Measuring your progress as the year unfolds is also a critical component of successful goal setting, Tobin says.
She compares it to weight loss. If you want to lose 20 pounds by June, then you need to lose about a pound a week for the first six months of the year. Similarly, she says it helps to break savings goals into microsteps that specify what you need to do each week.
Schedule a weekly or monthly check-in with yourself to make sure you are meeting those smaller goals along the way. You might want to review your debt payoff progress or check your credit score, for example.
“Being able to break it down into steps that can be done each week or twice a month really helps,” Tobin says.
Automate where you can
If your goal is to save more money, then setting up an automatic transfer each month can help turn that goal into reality, as long as you know you have the money in your checking account to spare.
“It reduces the mental load,” says Mike Hunsberger, CFP and owner of Next Mission Financial Planning in St. Charles, Missouri, where he primarily supports veterans and current members of the military.
He recommends starting small to ease into the change.
“I wouldn’t jump to double what you’re currently saving,” he says. For example, when it comes to saving in a retirement account, if you’re starting with a 3% contribution, you might want to bump it up to 4%, then slowly increase it from there.
“My number one piece of advice is to start small, but make sure you scale over time,” Hunsberger adds. “Because it’s gradual, you probably won’t notice it impacting your lifestyle.”
Adjust as needed
“Stay flexible,” Scowcroft says. “Part of it is just being kind to yourself and not being too rigid.”
When unexpected challenges come up, such as a big unplanned expense, you might have to pause making progress on your goal and reset.
You might even need to change your goal. Scowcroft says that doesn’t mean you “failed,” just that life changed your plans. Dwelling on any negativity won’t help your forward progress.
Team up with a friend
Sharing your goals with a friend can also make it easier to reach them, Scowcroft says.
“It really helps to have an accountability buddy,” she says.
She suggests putting a regular “money date” with your friend on the calendar so you can ask each other how you’re doing, brainstorm any challenges or even budget together side-by-side.
“It’s a fun excuse to meet up with a friend.”
Get more financial clarity with NerdWallet
Monitor your credit, track your spending and see all of your finances together in a single place.
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