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House speaker’s disclosure omits $1M debt

House speaker's disclosure omits $1M debt
July 6, 2011 --

House Speaker David Ralston, for the first time in five years, has disclosed his wife’s ownership of an undeveloped 10-acre tract in Dawson County. The speaker, who last week added the property to his financial disclosures, said he’d simply forgotten. What he still hasn’t reported is the more than $1 million he’s borrowed, using collateral that’s valued at less than half that much.