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Democrat House hopeful Joe Bock is wealthier than GOP Rep. Jackie Walorski

Republican incumbent Jackie Walorski, meanwhile, maintains the edge over challenger Joe Bock in campaign financing in their battle for the 2nd District seat.

Posted on July 3, 2014 at 12:47 p.m.

U.S. Rep. Jackie Walorski may have the edge in campaign funding in her bid for re-election to the 2nd District seat.

But her Democratic challenger, Joe Bock, has a larger base of personal assets than the Republican incumbent.

Here’s the lowdown on their relative wealth from the financial disclosure statements each filed with the U.S. House of Representatives, Walorski as a House member and Bock as a House candidate:

Walorski: The incumbent, seeking her second term, reported personal assets of between $110,013 and $426,000, including those of her husband, Dean Swihart. Of the total, between $46,004 and $165,000 represented Walorski’s investments in the Indiana Public Retirement System stemming from her three terms as an Indiana House member, from 2005 to 2010.

Assets strictly attributable to Swihart totaled $18,005 to $96,000.

Bock: Bock, an instructor at the University of Notre Dame, reported assets of $4.35 million to $9.58 million, including those of his wife, Sue, and a trust for his dependent children.

Assets attributable strictly to Bock’s wife totaled $1.72 million to $6.48 million, including stock valued at between $1,000,001 and $5 million in a printing company. Subtracting his wife’s total, assets attributable to Bock plus his children’s trust totaled $2.63 million to $3.1 million.

Much of Bock’s assets was invested in retirement accounts, though he reported $145,005 to $350,000 in privately held investments.

Bock came to Notre Dame in 2007 and previously worked with Catholic Relief Services, a humanitarian arm of the Catholic church, leading efforts to aid Sierra Leone and Pakistan, among other nations. He also previously served three terms in the Missouri House.

PAY, LIABILITIES

As for pay, Bock reported $83,633 in earnings last year, $66,382 of that representing his Notre Dame salary. Walorski, as a member of the U.S. House, earns $174,000 a year.

Walorski reported a liability of somewhere between $100,001 and $250,000, reflecting the mortgage on her Jimtown-area home. She also reported that a trip to Israel last August was paid for by the American-Israel Education Foundation, which she had said at the time of the visit.

Bock reported no liabilities.

The financial disclosure forms ask for asset and liability values in wide ranges, hence the broad range and lack of specificity. Walorski’s document is dated May 14, though it reflects her 2013 finances, while Bock’s has a May 15 stamp.

Bloomberg News reported that the forms were made public June 13 and identified U.S. Rep. Nancy Pelosi, a Democrat from California, as the wealthiest member of House leadership. Along with her husband, Paul, she reported between $42.4 million and $199.5 million in assets.

CAMPAIGN FINANCES

As for campaign donations, Walorski had the edge as of the last reporting period, through April 16. As of that date, the end of the reporting period ahead of the May 6 primary, the Republican had $707,159.48 on hand in her campaign war chest compared to $176,213.85 for Bock.

Follow reporter Tim Vandenack on Twitter at @timvandenack or visit him on Facebook.



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