Mayor Ivy Taylor derives income from her husband’s bail bonds company, but she acknowledged Monday that she’s never reported it on annual financial statements she’s required to file with the city.

Taylor said she should have included Marshall Bail Bonds on annual Personal Financial Statement filings that she has been required to submit annually under both state and city law since 2009, when she first joined the City Council. The mayor said she would correct the public documents.

“It’s just an oversight. It should have been listed, but we had a misunderstanding of what needed to be listed,” she said. “We’ll amend the reports.”

On her financial statement, Taylor indicates that she holds a business interest in Marshall Sidberry Ventures, her husband’s real estate company, and she lists several properties, some owned by her husband and some listed as being owned by both of them. Public records show that Marshall Sidberry Ventures has been “inactive” since March 2011.

Taylor said she isn’t sure of the company’s exact status and would need to discuss the particulars of her husband’s businesses before commenting on them.

More Information Mayor Ivy Taylor's personal finance statement filings 2009 2010 2011 2012 2013 2014

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“This is my husband’s business. I don’t know what that has to do with my campaign,” she said. “But I can’t answer these questions without sitting down with him.”

Appointed mayor last summer, Taylor is facing 13 others vying for the mayoral seat, including former state Sen. Leticia Van de Putte, former state Rep. Mike Villarreal and former Bexar County Commissioner Tommy Adkisson. Saturday’s election is expected to go to a June runoff.

Taylor also teaches at the University of Texas at San Antonio, her filings show.

Both state law and San Antonio’s ethics code require that elected officials file the financial disclosures. The filings, however, don’t require that candidates disclose income.

While the ethics code appears to offer little recourse for false filings, state law does.

The Texas Local Government Code states that knowingly failing to file a financial statement as required by the code, which includes noting all sources of income and business interests, is a Class B misdemeanor, which is punishable by a fine of as much as $2,000 and up to 180 days in jail. If the statement isn’t fixed within 30 days of being notified, state law says, the person responsible for filing the disclosure could be liable for up to $1,000 to be paid into the city’s general fund.

Opposing campaign officials criticized Taylor, citing a lack of transparency.

“This is another example of Ivy playing fast and loose with the rules. At almost every turn in this experiment with her, she has said one thing and gone on to do another,” said Collin Strother, Adkisson’s campaign manager. “If we can’t trust her to fill out basic forms correctly over a period of years, that either exhibits a level of incompetence or deception at a level that’s unacceptable in the mayor’s office. We’ve had enough scandal at City Hall. We don’t need any more.”

Van de Putte campaign manager Christian Archer said the financial disclosures offer important information to the public, which has “a right to know” how elected officials earn a living.

“I don’t understand how the mayor of the seventh-largest city in America can say that she forgot to disclose that she’s the owner of a bail bonds company,” he said. “Interim Mayor Taylor’s withholding her ownership of a bail bonds company certainly appears to be a deliberate effort to hide the fact that she makes a living bailing people out of jail.”

Villarreal communications director Greg Jefferson also questioned how Taylor could overlook disclosing the bail bonds income.

“Leaving the bail bond income off her statement couldn’t have been a simple oversight that she somehow made year after year,” he said. “This lack of transparency is alarming. This is the kind of act that poisons public trust.”

When Taylor talks about her background and family, she typically tells voters that she met her husband, Rodney Taylor, in church and that he works in real estate. The bail bonds business, she said, “was something that he came into much later.”

“It’s a small portion of what he does,” she said. “The stuff on the housing and the property management is the bulk of what he spends his time on, so I just don’t ever really talk about it.”