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Rick Kriseman’s financial disclosure shows legal work still paying off

in The Bay and the 'Burg/Top Headlines by

Rick Kriseman‘s financial disclosure is a straightforward affair that reflects a career dedicated to lawsuits and public service.

Last week, the St. Petersburg mayor made his bid for a second term official, a process that includes a disclosure of his net worth, assets, and liabilities.

According to his Form 6 declaration, the first-term incumbent is worth $360,505.

As St. Pete mayor, Kriseman earned $170,906 in 2016; as a personal injury attorney, he earned another $133,171 last year.

Kriseman’s campaign said that the mayor is not actively practicing law; instead the six-figures in legal income is from settlements reached before Kriseman’s time in office.

Much of Kriseman’s wealth is based on the St. Petersburg house, valued at $650,000. His sole liability is a mortgage through Regions Mortgage Bank listed as $319,495.

Kriseman also itemized household goods and personal effects at $30,000.

Unlike almost every other candidate running for office in St. Petersburg who also has a positive net worth, Kriseman does not list owning a checking or a saving account.

It’s possible this account could be listed solely under his wife’s name, which would not require a disclosure. But if his name is on the account and it’s worth more than $1,000, it should be disclosed.

Under intangible personal property, the mayor also declared a financial interest in Fidelity Financial Services, based in Dallas, Texas, for an undisclosed amount.

On the form, Kriseman listed no other secondary source of income or real property.

Peter Schorsch is the President of Extensive Enterprises and is the publisher of some of Florida’s most influential new media websites, including SaintPetersBlog.com, FloridaPolitics.com, ContextFlorida.com, and Sunburn, the morning read of what’s hot in Florida politics. SaintPetersBlog has for three years running been ranked by the Washington Post as the best state-based blog in Florida. In addition to his publishing efforts, Peter is a political consultant to several of the state’s largest governmental affairs and public relations firms. Peter lives in St. Petersburg with his wife, Michelle, and their daughter, Ella.

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