Karl Nurse says he won't bankroll his campaign
ST. PETERSBURG -- City Council member Karl Nurse, who is running to keep his District 6 seat, is the second wealthiest St. Petersburg candidate overall, with a net worth of $4.1 million.
He trails behind mayoral hopeful Scott Wagman, whose net worth is $4.7 million.
More than half of Nurse’s wealth can be traced to his family’s print shop, Bay Tech Label, valued at $2.75 million. He also owns a handful of properties across St. Petersburg. His only liabilities were three Bank of America loans on three properties totaling $189,000.
Nurse said he would not bankroll his campaign with his personal cash. “That’s not the plan,” he said.
He faces former city employee Vel Thompson, whose net worth is $327,624. She claimed she could not pay a roughly $400 state election fee because it was an undue burden.
Student Derrick Frohne is also running for the District 6 seat. He has a negative net worth of $33,425. He also claimed he could not pay the state election fee because it was an undue burden.