Porter statement indicates slight dip in assets

WASHINGTON — Although he’s still worth more than $1 million, Rep. Jon Porter, R-Nev., reported a slight decline in his financial assets in 2006.

Porter’s real estate and stock holdings ranged from about $1.3 million to about $5.8 million, according to an annual financial disclosure statement submitted to the House.

Last year, Porter’s assets totaled at least $1.5 million and might have been as high as $6.1 million.

In August 2006, Porter finalized a divorce settlement with his ex-wife, Laurie. The statement does not include financial details of the settlement.

Porter spokesman Matt Leffingwell said those details would be included in next year’s report.

Porter’s liabilities remained the same in 2006 as in 2005, ranging from at least $275,000 to $565,000.

Exact numbers cannot be determined from the statements, which allow lawmakers to list their assets and debts in broad brackets.

The statement was due last month, but Porter sought and received an extension from the House Committee on Standards of Official Conduct. After submitting his report this week to the committee, Porter released a copy to the media.

Porter’s assets produced income of at least $119,208 to as much as $261,000 last year, according to his report. Most of the income came from rental property in Boulder City owned by Porter and his ex-wife.

Interest and dividends from insurance accounts and stocks produced the rest of the income from Porter’s assets.

Porter is not required to list the value of his home or his annual salary of $165,200.

As a keyboardist in a band called 2nd Amendments, Porter reported receiving $1,000 in 2006. The band includes other members of the House.