Congressional candidates file financial disclosures

VOTE 1 COL by . DOVER — Congressional candidate Lisa Blunt Rochester had at least $5.5 million in assets as of May, according to a financial disclosure form she filed with the Office of the Clerk of the U.S. House of Representatives.

Ms. Blunt Rochester, one of six Democrats competing for Delaware’s lone seat in the House, reported assets, or unearned income, of between $5.5 million and $12.3 million, most of which stems from stocks and investment funds.

Her net worth dwarfs the other contenders for the open seat.

State Sen. Bryan Townsend’s form indicates between $30,016 and $275,000 in assets. Sean Barney reported between $252,015 and $516,000.

The three candidates, all Democrats, are seen by insiders as the leaders in the race. All have pulled in at least $395,000 in campaign contributions.

For Ms. Blunt Rochester, that includes a loan of about $179,000.

Republican candidate Hans Reigle listed between $1.6 million and $6.9 million when his form was submitted in July 2015.

Most of that worth comes from a rental home in Rehoboth Beach, which the forms states was valued at a minimum of $1,000,001 and a maximum of $5 million.

Mr. Reigle’s wife and children are listed as owners for some of the funds.

Mr. Barney’s wife owns several of the assets listed on his disclosure sheet.

The forms are required to be filed by anyone who raises or spends more than $5,000 in an election.

Because assets are listed on the disclosure forms in ranges, the exact net worth of each candidate cannot be calculated.

But the documents do provide a look at each individual’s financial status.

According to the submissions, Ms. Blunt Rochester has made between $68,756 and $181,200 on dividends and interest in 2016 through May 10.

Sen. Townsend made between $607 and $3,800 from Jan. 1 to May 16 in interest and dividends, as well as $21,434 from the state for his legislative duties.

He was paid $55,702 from the General Assembly in 2015 — $48,368 in base pay and $7,334 in expenses, an additional sum all lawmakers receive.

He has been on a leave of absence from the law firm of Morris James since October due to his congressional run.

Mr. Barney earned $60,000 from InfoVest, a venture capital firm he serves as president of, plus income from interest, dividends, capital gains and a rental property through April 30 of this year that ranged from $5,608 to $18,800.

Mr. Barney and Sen. Townsend also reported earned income from their wives. Spousal salary is not required to be listed on disclosure forms.

Mr. Reigle earned at least $3,108 and no more than $8,800 through his assets at the time his information was filed.

The assistant director of Delaware State University’s Aviation Program, he reported $18,303 in salary from the state, as well as an undisclosed salary received by his wife, a Court of Common Pleas judge.

All four candidates listed liabilities of varying sizes. Ms. Blunt Rochester’s form says she owed between $15,001 and $50,000 in student loans to Navient.

Sen. Townsend listed liabilities of $50,001 to $100,000 to Citizens Bank for his law school loans and $100,001 to $250,000 to the U.S. Department of Education for his wife’s.

Mr. Barney reported a mortgage of between $100,001 and $250,000.

Mr. Reigle had a liability of between $100,001 and $250,000 stemming from a loan for a property.

Finance information for Democratic candidates Mike Miller, Scott Walker and Elias Weir was not available.

Reach staff writer Matt Bittle at mbittle@newszap.com

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