New filing shows how Collins’ and Jackson’s wealth compare

Democratic U.S. Senate nominee Troy Jackson made most of his recent income as a consultant to two international unions based in Maryland, according to a financial disclosure filed on Monday. 

The disclosure is the first look into Jackson’s personal finances. Senate candidates are typically supposed to file personal financial disclosure reports within 30 days of becoming a candidate, but Jackson requested a 55-day extension. He became the nominee in late July, replacing Graham Platner, who dropped out after an accusation of sexual assault, which he denies. 

Jackson, former Maine Senate president and logger, reported making the most from the International Association of Machinists: $90,000 over the past two years, $50,000 in 2025 and $40,000 in 2026. 

The next-highest portion of his income in that period was $48,000 from the International Union of Painters and Allied Trades, $30,000 in 2025 and $18,000 in 2026. 

Jackson is no longer consulting for either union, according to his campaign. 

In 2025, he also made $5,100 from the Eastern Maine Labor Council and $4,800 from the nonprofit Food and Medicine, both based in Brewer.

“Troy’s financial disclosure reflects a lifetime of working for a paycheck,” an unnamed campaign spokesperson said in a statement. “He’s a logger and union member who understands what it means to worry about making ends meet — and he would bring that experience to a Senate dominated by millionaires.”

Federal disclosures do not provide a comprehensive picture of net worth since assets, such as stock holdings, are disclosed as a range. But the forms do show that Jackson’s opponent, incumbent Republican U.S. Sen. Susan Collins, has far more assets. 

Jackson disclosed between $147,000 and $430,000 in assets, with the largest share, between $100,001 and $250,000, coming from his spouse’s retirement plan. 

Collins’ latest financial disclosure report filed in May, which covers the 2025 calendar year, showed assets between roughly $4 million and $10 million, mostly from her spouse’s investments. Collins also earns at least $174,000 a year for being a U.S. senator. Congressstock.com puts the senator’s net worth at $7.1 million.

Collins’ spokesperson Blake Kernen criticized Jackson for pushing back his financial disclosure date, and for taking money from unions and the 501(c)(4). Kernen also said Collins has never bought, sold, or owned individual shares of stock during her service, and that her husband’s investment decisions are made by a third-party advisor.