From oil royalties to silver coins, Montana Senate candidates list their income, assets
Six of the nine candidates who have filed to run in Montana’s race for the U.S. Senate reported earning income ranging from more than $100,000 to less than $25,000, though several candidates also gained significant benefits from royalties, dividends and rent.
Financial disclosures on file with the U.S Senate turned up results for all but three of the nine candidates who have filed to run in next year’s race. Federal law gives candidates 30 days to report income and holdings after becoming a candidate for office.
No information was on file for Ronald Murray, Al Olszewski and Greg Strandberg, who has raised $0 in the race, according to the Federal Election Commission.
As the election season gets under way, here’s a look at the U.S. Senate candidates’ holdings and where they stand in fundraising.
Republican Troy Downing has raised $492,000 in his bid for the Senate seat, according to the FEC.
Downing reported two sources of earned income, including $48,694 from AC Self Storage in Newport Beach and $47,161 from AC Management, both in California.
He also reported 69 assets, with 27 of them providing additional income through rent, royalties and capital gains, including a jointly owned condo in San Francisco, unimproved property in Colorado, and vineyard property in Fallbrook, California.
Downing also claimed rent from several self-storage holdings in Las Vegas; Rohnert Park, California; and Arlington and Austin, Texas.
Republican Matt Rosendale has raised $433,000 in the race. Rosendale, who is Montana’s Secretary of State, reported two sources of earned income, including $67,907 from the state and $117,000 in self-employment income from MBA Consultants in Glendive.
Rosendale also reported five assets valued between $7 million and $32 million, including MBA Consultants, 40 building lots in Great Falls and a farm in Glendive.
Republican Russell Fagg reported raising $0 in the race, according to the FEC. The former Yellowstone County district judge did report five sources of earned income, including $100,000 listed as a member draw from self-employed and $10,000 in rent from property in Billings.
The other three sources of earned income provided less than $1,000 each.
Fagg also reported more than 115 assets, most of which provide dividends and interest, including mineral rights off oil royalties and a number of tech stocks. His commercial holdings included condominiums in Las Vegas, a building in Sheridan, Wyoming, and a family home in Billings valued anywhere from $500,000 to $1 million.
Sen. Jon Tester, D-Montana, has raised more than $6 million in the race, records with the FEC show. The state’s senior senator and the race’s incumbent reported two sources of earned income, including $2,500 from T-Bone Farms in Big Sandy.
Tester also reported nine assets that provide dividends, rent and royalties, including farmland in Big Sandy valued between $1 million and $5 million, and T-Bone Farms, which shows a value between $500,000 and $1 million.
Republican William Dean reported raising $0 in his race. The Havre resident did report four sources of earned income, including $15,000 in wages from the U.S. Navy and $9,600 in wages from Merrill Lynch.
Dean also reported $92,400 in retirement income from the VA and less than $1,000 from Priscilla Dawn Boutique in Carlsbad, California. He noted a single asset, that being silver coins valued between $1,100 and $15,000.
Democrat Sarah Dean also reported raising $0 in the race. The wife of William Dean, she’s running as a Democrat and reported four sources of earned income, including $20,000 in wages from Priscilla Dawn and less than $1,000 each from from Merrill Lynch, the VA and the Navy.
She reported one asset, that being a BMW valued between $1,100 and $15,000.
While no financial disclosure reports turned up from Al Olszewski, Ronald Murray or Greg Strandberg, two of the candidates did report raising money in the raise. Olszewski has raised $167,000 and Murray reported raising $1,455.