Ill. Lt. Governor and Husband Worth $587,000

SPRINGFIELD, Ill. (AP) — Illinois Lt. Gov. Sheila Simon is disclosing a net worth of $587,000 as a way to pledge transparency in office.

At a Statehouse news conference Thursday, Simon said she’s swearing off campaign contributions from employees and is banning free lunches from lobbyists for her staff.

Democrat Simon and her college professor husband, Perry Knop, reported assets of $624,000 — including real estate worth $426,000. They list liabilities of $38,000. She says that’s credit card debt while she campaigned and didn’t work.

The Democrat’s $136,000 salary as lieutenant governor will improve on her 2010 income — mostly $36,000 as a college professor for three months.

Knop made $88,000 at John A. Logan College.

A spokeswoman said Gov. Pat Quinn has previously released financial documents but couldn’t say how detailed they are.

Copyright 2011 The Associated Press

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