Occupy Wall Street Finance Report Reveals Money Woes; Press Team Unfazed In Statement
Yesterday, NY1 brought our attention to the news that New York's Occupy Wall Street appears to be tight on funds, findings based on on a weekly report for March 2 posted on the New York General Assembly's website. The Accounting Working Group report reads: "at our current rate of expenditure, we will be out of money in THREE WEEKS." According to the report, the general fund contains $44,827.96, while close to $90,000 is set aside for bail money. A member of the accounting group told Reuters: "while we give the dire warning so that people will be conscious and considerate of how we're spending our money, we are still going to be able to take care of our people in the way that really matters - making sure that their bail and their court fees are paid."
Fundraising gathered $1,556 in the week of the report. A total of $14,942 was spent during the week on expenditures including MetroCards, medics and their kitchen.
When we reached out to the Occupy Wall Street Press Team we received the following statement:
Occupy Wall Street (OWS) in less than six months has sparked crucial discussion -- how a small number of people (the 1%) have gotten so much money and power while many others (the 99%) are worried about getting thrown under the bus. OWS is a people-powered movement - people learning what is going on, getting angry and fighting for economic justice.
OWS has enjoyed many kinds of support and donations- everything from food and sleeping bags, couch space, and financial contributions. The help is much appreciated. This is a struggle which doesn't come gift-wrapped or fit on a spread sheet. The bank account will go up and down - we've done a lot with a lot and also done a lot with a little. As Spring approaches there will be more of us out on the streets crying out for economic justice.
A march is scheduled for Occupy Wall Street's six-month anniversary on March 17.
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