While Nathan Deal on Thursday debated Democrat Roy Barnes about education policy, staffers for the Republican nominee for governor filed new financial report with the State Ethics Commission, acknowledging that Deal is carrying $2.85 million more in loans than he first revealed back in May.
After the education debate, Deal declared the omission to be an “oversight.”
See the report for yourself here. Here’s a quick image of Deal’s new, revised loan picture:
Both newly disclosed loans are to Gainesville Salvage and Disposal, the auto salvage firm Deal owns with Kenneth Cronan.
Brian Robinson, spokesman for the Deal campaign, said money was for an expansion of the business, which is “in fine shape” and well within the capability of the firm to pay back.
You’ll note that the above debts are labeled “contingency liabilities,” meaning that there is some question whether the former congressmen would be held to account for them – although in his Tuesday press conference Deal left little room for doubt that he was ultimately responsible.
The “contingency” label is crucial in that it allows Deal to declare a positive net worth of $2 million, a figure found deeper in the document.