A Florida mayor was arrested Wednesday on theft and fraud charges alleging that she illegally enriched herself and family members through a COVID-19 small business relief program launched under her administration, according to the state's attorney general.

Kissimmee Mayor Jackie Espinosa is being charged with grand theft, a second-degree felony, and organized scheme to defraud, a first-degree felony, according to Florida Attorney General James Uthmeier.

Espinosa is accused of improperly appropriating $50,000 in funds through the city's Business Boost 2.0 program, according to the arrest warrant.

"This is the local government equivalent of insider congressional stock trading," Florida's chief financial officer, Blaise Ingoglia, said during a press briefing on Wednesday.

Incoming Kissimmee Mayor Jackie Espinosa sits in Matador Tacos & Tapas Bar, which she owns, in Kissimmee, Fla., in 2023.

Willie J.…