Boston Mayor Michelle Wu releases tax forms, Josh Kraft yet to disclose his

Boston Mayor Michelle Wu banked more than last year nearly all of which came from her mayoral salary according to the tax return she distributed this week through her campaign Wu made in federal adjusted gross income last year benefitting from a number of tax breaks that came from filing jointly with her husband receiving tax credits for two of her young children and holding nearly half a million dollars in financing accounts as part of a married couple per her tax form and a financial breakdown provided by her campaign The mayor disclosed she was releasing her tax form in the spirit of democratic transparency Her financial forms were disclosed to the Herald on the condition that they not be published I ve provided a full and complete accounting of my family s financial interests and I expect my fellow candidates will honor our democratic process and be just as transparent Wu disclosed in a announcement to the Herald Wu is paid a annual salary as mayor She stated in additional income last year per her tax form which was previously revealed by the Boston Globe Her campaign stated that additional income came from Wu reselling her Boston Celtics season tickets to various games in The mayor received in child tax credits for her two young sons who were claimed as dependents on her tax form and benefited from an personal exemption for filing jointly with her husband Conor Pewarski The couple s third child was born this past January Those filing as married but separately from their spouse receive a personal exemption of the same exemption as a single filer per the state website Pewarski is unemployed and thus the only income published in their joint filing was from the mayor Wu s husband is a former banker who has been a stay-at-home father since she became mayor in the fall of Wu also provided her financial disclosure form for filed with City Hall in the past week which lists investments and debt held by the mayor and her husband Their investments are held in an individual retirement account commonly referred to by the IRA initialism and college savings accounts The aggregate value of those accounts is roughly per the Wu campaign A majority of the mayor s retirement account is invested in either S P or Nasdaq index funds while funds are managed by Fidelity The mayor owes roughly in participant loans to the Department of Learning Wu and her husband owe of a mortgage from Rockland Trust on their two-family Roslindale home The loan is fully amortizing at a interest rate and matures in per her financial disclosure The couple owns no other real estate besides their personal home in Boston nor are they trustees or beneficiaries of any trusts of any nature Wu s campaign mentioned Wu and her husband lease a Honda Prologue from Parkway Honda in West Roxbury The lease expires in her campaign commented Though the report she distributed alongside her tax form did not mention him by name Wu has criticized Josh Kraft seen as her principal opponent for what she sees as his wealthy family s attempt to buy him the mayoral poll Kraft a son of the billionaire New England Patriots owner Robert Kraft and longtime philanthropist has thus far declined to provide his tax forms Eileen O Connor a spokesperson for the Kraft campaign noted the campaign would not be releasing his tax documents this week Josh Kraft intends to release information related to his tax returns in the near future O Connor reported in a comment to the Herald Related Articles Battenfeld Michelle Wu running taxpayer-funded stealth campaign Overdose deaths in Boston plummet in one year Battenfeld Is Michelle Wu up for the high profile TV debate stage Emotions over Boston s illegal immigration protections boil over at mayoral debate Boston Mayor Wu says Josh Kraft s campaign may have millions but lacks substance as pair bargain blows Kraft lately dipped into his personal bank account to put million into his campaign telling reporters after last Wednesday s mayoral forum that he needed to do so given that he is going against the power of incumbency He declared he has had just four months to fundraise while Wu has had four years to raise money Before departing his role as head of the Boys and Girls Clubs of Boston Kraft drew a roughly salary in fiscal year He was not paid a salary in latest years as head of the New England Patriots Charitable Foundation his family s philanthropic arm according to publicly available forms His father Robert Kraft chairman and CEO of the Kraft Group has a net worth of billion