Boulder council balks at more financial disclosure

BOULDER — A majority of Boulder City Council members say they don’t believe the public should know how much money they make or what properties their business partnerships have unless they own 51 percent or more of the partnership.

Following complaints that the council lacks transparency, members said Thursday they want to preserve their financial privacy despite holding public office, the Boulder Daily Camera reported today.

They said they would recuse themselves if any properties owned by their business interests were in front of the nine-member council.

However, some members said the current rules are too vague, and they promised to take up the issue later this year.

In 2012, some council members came under criticism for not disclosing all their investments. At the time, Councilman George Karakehian was a member of at least two limited liability corporations that own property in Boulder and were not listed on his financial disclosure form, one of them with developer Stephen Tebo.


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