A former Binghamton city councilman who had been considering a run for mayor this year today said he's decided against it.

Businessman John Cordisco had been contemplating a campaign for the Democratic nomination in recent weeks.

Speaking on WNBF Radio's Binghamton Now program this morning, Cordisco said after discussions with friends and relatives, he chose not to run for "personal reasons."

Cordisco said it's a "huge commitment" to run for office, personally and financially. He estimated it would cost at least $20,000 just to mount a primary campaign.

City council president Teri Rennia is the only announced Democratic candidate for mayor.

Richard David and Edward Hickey have announced they will be seeking the Republican nomination.

Mayor Matthew Ryan, a Democrat, is completing his second four-year term. He can't run again because of a term limit law.