Ethics Explorer A Guide to the Financial Interests of Elected Officials

Sen. John Carona District 16 (R-Dallas)

Industry
Business Executive, Finance
Education
B.B.A., University of Texas at Austin.
Spouse
Helen
Committees
  • Business & Commerce (Chair)
  • Criminal Justice
  • Jurisprudence
  • Nominations
  • Administration
  • Senate Select Committee on Redistricting
Financial Statements

Sources of Income

  • Carona is president and CEO of Associations Inc., also known as Associa. The Dallas company is described on its website and in media reports as the largest homeowner association management company in the nation. He is also director and a board member of First Associations Bank in Dallas.

  • Carona reports an ownership interest in and more than $25,000 in annual income from First Associations Bank. He also reports an ownership interest in Carona Ranches LLC. He is a director of dozens of corporate boards, most of which appear to be connected to Associations Inc.

Property

  • Residence in Dallas valued at $7 million

  • Residence in Mesquite valued at $99,000

Top Contributors

Analysis

  • Carona was fined $1,300 in 2008 for various errors in his campaign finance filings, including the failure to properly report $69,000 in expenditures made to Associations Inc., for services rendered.

  • For years critics have alleged Carona has used his public office and powerful chairmanship duties to advance the interests of his sprawling business empire, including Associations Inc. Carona authored a sweeping overhaul of homeowners association legislation in 2001, SB 507, the modern regulator framework for HOAs, including home foreclosure procedures that have provoked criticism. Carona denies having any conflict of interest, saying his bills affect the whole industry, not just his business.