Sunday, September 16, 2007

Ethics Commission decision to cost Richard a bundle

Speaker-in-waiting Ron Richard, R-Joplin, stands to lose more than any other House member from the Missouri Ethics Commission decision that contributions above the limits must be returned.
An Associated Press story by David Lieb outlines the problems numerous politicians, including Richard, face:

The House candidate with the most money at stake is newly nominated House Speaker-Designee Ron Richard, R-Joplin. The AP analysis shows he could owe almost $136,000 in refunds.

Richard had about $166,000 in his campaign account as of June 30. After spending some additional money, Richard guessed that now stands at between $120,000 and $140,000.

"That would be just about a zero balance" if the refunds are made, said Richard, adding he hasn't decided yet whether to return the money or seek a hardship exemption.

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