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The staff of the Tampa Bay Times

Net worth of St. Petersburg mayoral candidates ranges from $1 million to -$19,000

25

June

 

If a candidate’s net worth decided elections, Kathleen Ford would be St. Petersburg’s next mayor. But that’s not the case. Voters decide.

Here is a breakdown of liabilities and assets for the three major candidates in the race for mayor:

Kathleen Ford, 55, is a lawyer and former City Council member.

A former North Shore Neighborhood Association president, she was elected to the City Council in 1997. She left the council to run for mayor in 2001, but she finished second behind Mayor Rick Baker. Ford also finished second behind Bill Foster in 2009.

She earned a bachelor’s degree in nursing in 1979 from the University of Virginia. After working in pediatric intensive care units in Houston, she went to South Texas College of Law and earned a law degree in 1985.

Ford has a net worth of nearly $1.1 million, with the bulk of that tied to her $800,000 home on 18th Street NE, according to state financial disclosure forms. Her other noteworthy assets are a collection of stocks, retirement and money-market accounts worth $276,291.

She owes $684,000 on a mortgage and other loans. Her $17,152 annual income is from her family law firm, Ford & Ford. Learn more at www.kathleenford.com.

Bill Foster, 50, a lawyer, was born and raised in St. Petersburg. He graduated from Northeast High School, Samford University and the Cumberland School of Law at Samford.

Foster was appointed to the City Council in 1998 and elected in 1999. Voters gave him a second term in 2003. He won the 2009 mayoral election and took office in 2010.

Foster listed a net worth of $490,000, according to state financial disclosure forms. His biggest asset is his $550,000 home on Dover Street, which is mortgaged for $152,000. He also owes $38,000 on two other loans.

He earned $155,723 from his job as mayor. Learn more at www.billfosterformayor.com.

Rick Kriseman, 50, is also a former City Council member and former state lawmaker.

He earned a bachelor’s degree from the University of Florida in 1984 and a law degree from Stetson University in Gulfport in 1987. He was appointed to the City Council in 2000 to fill a vacancy and won elections in 2001 and 2003.

He resigned the council seat in November 2006 to run for the Florida House, where he was elected in 2006, 2008 and 2010. Learn more at www.Kriseman.com.

Kriseman listed a net worth of $279,751, according to state financial disclosure forms. His biggest asset is his $550,000 home on Third Avenue N, which is mortgaged for $323,422. He earned $112,902 from his law practice and the Florida House in 2012.

Here are the two lesser-known candidates:

Paul Congemi, 56, is also ran for mayor in 2009. He collected 0.3 percent of the vote.

He lists his net worth at $6,000. He earns $8,869 annually from Social Security.

Anthony Cates, 23, is salesman and seeking office for the first time. His net worth is -$19,000. He earned $18,314 last year while working for Mortgage Investors in St. Petersburg. Learn more at www.anthonycates.com.

 

[Last modified: Thursday, July 11, 2013 1:51pm]

    

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