As candidates, both Hamilton County Mayor Weston Wamp and Chattanooga Mayor Tim Kelly said they would put their assets into blind trusts to clamp down on potential conflicts of interest.
Kelly, a longtime Chattanooga auto dealer before his election in 2021, has done so. Wamp has not, pledging to instead refrain from making any new investments in local companies as mayor.
(READ MORE: Kelly announces bid for second term as Chattanooga mayor)
In theory, blind trusts ensure officials don’t know how their actions in office affect their investments, allowing them to focus on their constituents’ best interests, according to the National Conference of State Legislatures. Setting one up can, however, be time consuming and expensive. In these arrangements, public officials hand control of their business interests to an independent, unaffiliated trustee, who has power to buy and sell their holdings without their knowledge.
