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Richard Corcoran’s net worth drops 27 percent

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House Speaker Richard Corcoran‘s net worth has fallen by more than 27 percent from last year, according to his latest financial disclosure.

His annual filing for 2016 was posted Wednesday on the Florida Commission on Ethics website.

Corcoran, an attorney and father of six children, reported a net worth of $341,750 as of Dec. 31, 2016—nearly $129,000 less than his 2015 reported worth of $470,640.

As assets for this year’s report, he listed his Land O’ Lakes residence, valued at roughly $500,000, and his house in Tallahassee, worth $365,000. He has $75,000 worth of unitemized “household goods and personal effects.”

Other assets include $40,000 in retirement savings and almost $5,000 in personal checking and savings.

He claimed $175,000 in income last year from the Broad and Cassel law firm, where he works “of counsel” as a commercial litigator, and $29,300 as a state lawmaker, his report says.

Corcoran, first elected in 2010, listed total liabilities of $643,608 to his hometown Regions Bank, which appear to be mortgages on both houses.

Before joining Florida Politics, journalist and attorney James Rosica was state government reporter for The Tampa Tribune. He attended journalism school in Washington, D.C., working at dailies and weekly papers in Philadelphia after graduation. Rosica joined the Tallahassee Democrat in 1997, later moving to the courts beat, where he reported on the 2000 presidential recount. In 2005, Rosica left journalism to attend law school in Philadelphia, afterwards working part time for a public-interest law firm. Returning to writing, he covered three legislative sessions in Tallahassee for The Associated Press, before joining the Tribune’s re-opened Tallahassee bureau in 2013. He can be reached at jim@floridapolitics.com.

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