US Rep. Ribble lists rental property as top asset - WAOW - Newsline 9, Wausau News, Weather, Sports

US Rep. Ribble lists rental property as top asset

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MILWAUKEE (AP) -

U.S. Rep. Reid Ribble has released financial-disclosure forms listing up to $6.7 million in assets.

The most valuable asset is commercial rental property in Appleton. Ribble's report says the property is worth between $1 million and $5 million.

The Republican from De Pere also lists liabilities of up to $2.2 million, mainly from mortgages on personal and rental properties.

The forms show that his net worth from reportable assets and liabilities is somewhere between about $700,000 and $4.5 million.

All members of Congress have to release annual reports listing their assets, liabilities and stock transactions. However, they're only required to list the value of their assets in broad ranges, which makes specific comparisons difficult.

(Copyright 2012 by The Associated Press. All Rights Reserved.)

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