Pinellas spending hawk has own financial trouble
Running for the Pinellas County Commission, Carl Folkman bills himself as the man to put spending under the microscope as the county wrestles with a deficit.
But Folkman, a wine and spirits broker, has amassed large debt of his own.
He faces three foreclosure actions against his 4,300-square-foot home and a rental property, both in Crystal Beach. He subsequently filed for bankruptcy, but that was dismissed June 18 because Folkman owed more than $1.7 million, which exceeds the $1 million limit allowed under the Chapter 13 process.
Three days later, speaking at a community forum in East Lake, he criticized the county's $80 million two-year deficit and the runup of spending before the economy soured.
"Ladies and gentlemen, the question you're asking is the question I'm going to be asking, too, as candidate. Where is it? Where is your tax dollars and where did it go?" Folkman said at the June 21 event.