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Speaker's finances


June 16, 2006
 Members of the U.S. House and Senate released details of their personal income and holdings this week in annual financial disclosure statements. Highlights of the statement by House Speaker Dennis Hastert, R-Yorkville, include:

•Earned income: $208,100.

•Honoraria, all donated to charity: $2,000.

•Major assets: One-third share of 126-acre Kendall County, Ill., farm, $1 million-$5 million; 275-acre Crawford County, Wis., farm, $500,001-$1 million; Washington townhouse, $250,001-$500,000; bank account, $100,001-$250,000; Bear Stearns mutual fund, $15,001-50,000.

•Major sources of unearned income: Book royalties, $15,001-$50,000; rent from Washington, D.C., townhouse, $5,001-$15,000.

•Major liabilities: Mortgage on home and farm, $1 million-$5 million; mortgage on Washington townhouse, $50,001-$100,000.

•Gifts: None.

•Narrative: In addition to his government salary of $208,100, Hastert — a former high school teacher — received a $32,529 pension from the state of Illinois. Hastert received royalties from the publication of his book, Speaker: Lessons from Forty Years of Coaching and Politics. Hastert's $2,000 honoraria came from Diageo, a leading premium spirits distributor, for his appearance at Night of Irish Treasures Charity Event. Hastert sold two properties in 2005 and used the proceeds to purchase Wisconsin land, suitable for building a vacation home, and a one-third share in a Kendall County, Ill., farm.
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