BY AIDAN GRAHAM AND KEVIN DUGGAN
Frank Seddio will step down as the leader of the Brooklyn Democratic Party next week, according to multiple sources.
Seddio, who was first elected as Chairman of the Kings County Democratic Party in 2012, will officially step down from leading the borough’s Democratic party on Wednesday, sources said.
Exactly who will replace Seddio atop the organization remains in question, but many speculate that Assemblywoman Rodneyse Bichotte (D—Flatbush) will emerge as a top contender for the post.
Seddio’s resignation comes amid concerns raised by activists about the health of the Democratic party’s finances, which have deteriorated under Seddio’s stewardship from $505,000 in 2013 to just $32,800 in July 2019, according to a NY Daily News report.
The party’s financial troubles occur as Seddio himself faces lawsuits over debts totaling $2.2 million he allegedly owes to the Kentucky-based Golden Resources LLC, which owns a Golden Corral restaurant franchise, the Daily News reported.
Bichotte has most recently served as Chairwoman of the party’s Committee on Finance.
It is currently unclear why Seddio plans to step down.
With more than 1 million registered Democrats, the Brooklyn Democratic Party is one of the largest Democratic county committees in the country.
This story was first reported on Brooklyn Paper, a sister publication of amNewYork Metro.