Marcus Molinaro
The data on this page comes from a financial disclosure filed by Marcus Molinaro, who was picked to be: Federal Transit Administrator, Department of Transportation. It is part of a collection of thousands of ethics documents ProPublica has been collecting from across the Trump administration.
Roles Outside Government
Officials are required to disclose paid or unpaid positions they hold or recently held outside the federal government, including roles as officer, director, trustee or employee. (Form 278e, Part 1)
| Organization | Position held | Endnote | Line No. |
|---|---|---|---|
| Dutchess County Government | County Executive, 1/2012 - 1/2023 | 1 |
Employment Assets
Officials are required to disclose assets associated with their employment, including salary, retirement accounts, stocks, intellectual property and awards or prizes. (Form 278e, Part 2)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| NY State and Local Retirement System, defined benefit plan (value not readily ascertainable) | None (or less than $201) | There is no set amount under the NYSLRS. It is contingent on when the participant decides to start drawing on their pension, on a sliding scale starting at age 55. The maximum potential payment is $ 9199/month. | 1 | ||
| Red Maverick Media | $30,000 | Consulting fees | 2 | ||
| American Mass Timber Enterprises, LLC | $10,000 | Consulting fees | 3 | ||
| The Bipartisan Network LLC | $10,000 | Consulting fees | 4 | ||
| Cornell University | $4,000 | Consulting fees | 5 | ||
| JF Lehman & Company LLC | $75,000 | Consulting fees | 6 |
Employment Agreements
Officials are required to disclose agreements relating to other jobs, including what will happen with any small businesses they own during government service and any continued health care coverage, planned leaves of absence, severance or bonuses. (Form 278e, Part 3)
| Organization | Agreement | Endnote | Line No. |
|---|---|---|---|
| NY State and Local Retirement System | I will continue to participate in this defined benefit plan. (1995-11-01) | 1 |
Compensation
Officials are required to disclose the sources of any compensation above $5,000 in a year. (Form 278e, Part 4)
Spouse’s Assets
Officials are required to disclose their spouse’s assets, including salary and retirement accounts worth more than $1,000. (Form 278e, Part 5)
Other Assets and Income
Officials are required to disclose other assets and sources of investment income belonging to them, their spouse or their dependent children. These include annuities, bonds, cash, college savings plans, farms, precious metals, real estate, stocks, trusts and wills. (Form 278e, Part 6)
| Description | Value | Income | Income Type | Endnote | Line No. |
|---|---|---|---|---|---|
| NY 529 #1 | $15,360 | cash distribution | 1 | ||
| Income Portfolio | $1,001 - $15,000 | None (or less than $201) | 1.1 | ||
| Interest Accumulation Portfolio | $1,001 - $15,000 | None (or less than $201) | 1.2 | ||
| Commencement Portfolio | $1,001 - $15,000 | None (or less than $201) | 1.3 | ||
| NY 529 #2 | 2 | ||||
| Target Enrollment 2027 | $1,001 - $15,000 | None (or less than $201) | 2.1 | ||
| Income Portfolio | $1,001 - $15,000 | None (or less than $201) | 2.2 | ||
| Target Enrollment 2030 | $1,001 - $15,000 | None (or less than $201) | 2.3 | ||
| NY 529 #3 | 3 | ||||
| Target Enrollment 2035 | $1,001 - $15,000 | None (or less than $201) | 3.1 | ||
| NY 529 #4 | 4 | ||||
| Target Enrollment 2036 | $1,001 - $15,000 | None (or less than $201) | 4.1 | ||
| Northwest Mutual Life Insurance (Whole Life) | $15,001 - $50,000 | None (or less than $201) | 5 | ||
| State Farm Life Insurance (Whole Life) | $15,001 - $50,000 | None (or less than $201) | 6 | ||
| US bank #1 | $15,001 - $50,000 | $201 - $1,000 | Interest | 7 | |
| Truist Financial Corporation Common Stock (TFC) | $1,001 - $15,000 | None (or less than $201) | Dividends | 8 |
Liabilities
Officials are required to disclose their liabilities totaling more than $10,000, as well as any linked to their spouse or dependent children. These include mortgages, credit card debt and student loans. The interest rates and loan repayment terms are also required. (Form 278e, Part 8)
About the Data
Most political appointees and senior officials in the executive branch are required by law to file public financial disclosure reports. These are documents that detail their financial holdings, positions they hold outside government, their spouse’s holdings, their liabilities and their recent financial transactions (such as buying or selling stock) during a defined reporting period.
The most senior officials file their disclosures with an agency called the Office of Government Ethics, and others file them with a designated ethics official within their agency. The Ethics in Government Act allows members of the public and the press to request these documents.
We’re publishing this information to give the public an important glimpse into the financial ties of a powerful and often hidden cadre of presidential appointees within the federal bureaucracy.
The main document type included in the database is the OGE Form 278e, which appointees must file when they are nominated (for Senate-confirmed appointees) or when they enter government (all others), and then annually while in the position. Another common document included is the OGE Form 278-T, also known as a periodic transaction report, which all public filers must submit within 30 days of a transaction. We are also making other ethics documents available, such as ethics agreements, certificates of divestiture and other documents we have obtained under the Ethics in Government Act.
Join us on Wednesday, April 8 for a walkthrough of ProPublica's new database of financial disclosures from Trump appointees and any potential conflicts they reveal. Register here.
