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|    Message 37,871 of 39,416    |
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|    NDP debt-free thanks to surge in online     |
|    16 Jan 14 19:58:13    |
      XPost: can.politics, bc.politics, ont.politics       From: ConsRCons@govt.cda               ¯\_(ツ)_/¯              What can we say? Great party . . . great leader . . . people are       putting their money where their hearts are.       ____________________________                     NDP debt-free thanks to surge in online donations       CBC News Posted: Jan 14, 2014                      Parties battle it out in fourth-quarter fundraising                      The NDP led by Tom Mulcair has managed to pay off its debt from the last       election, allowing the party to start building a war chest toward the       next campaign, expected by October 2015. (                     The NDP is assured of starting the next election campaign with money in       the bank.              Last week, the Official Opposition paid off its debt from the 2011       election, the last of some $6.75 million that had been borrowed to       finance the campaign.              With the next election not expected until October 2015, it's the       earliest the NDP has found itself free of debt before a campaign.              NDP national director Nathan Rotman, said it is mostly due to the       party's success in ramping up its online donation program, with online       contributions more than doubling in the past year.              “Now our focus will be to continue expand our fundraising as public       financing whittles down more and more each year. And start to put away a       nest egg to run a really strong campaign in 2015,” Rotman said.              A taxpayer subsidy to political parties based on their share of the       popular vote will be fully phased out by next year.              Even with some money saved, the party still expects to have to go back       to the bank for a loan for the next campaign.              But Rotman said there has been steady growth in terms of the number of       donors and contribution amounts.              “Our donations, which have traditionally been much smaller, are starting       to rise in line with the other parties," Rotman said.              The number of party donors rose to 43,000 in 2012 from 22,800 in 2010.       Numbers for last year are not yet available.              Starting the year in the black may be a milestone for the NDP, but it’s       still small potatoes compared to the powerful Conservative fundraising       machine.              That party’s chief fundraiser, Senator Irving Gerstein, confirmed at the       Conservative convention in the fall that his party has no debt and more       than $14 million in the bank.              The Liberals did not comment on the party's debt, but pointed to strong       fundraising in December that collected more than $2.1 million from more       than 32,000 donors.              --- SoupGate-Win32 v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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