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NDP enters convention facing 'cash flow crunch'

The British Columbia New Democratic Party had trouble raising money during last May's provincial election campaign and is now in a cash crunch, according to a report by party treasurer Cheryl Hewitt.

“Donations from individuals and subsequent constituency fundraising was challenged by economic conditions and acute donor fatigue by supporters who had just come through federal and municipal elections,” Hewitt said in her report to the NDP convention.

“We are now faced with a post-election cash flow crunch and debt that, while not unanticipated, was significantly more than had been expected.”

The provincial executive finance committee has begun meeting regularly to develop a plan to pay off the election debt as fast as possible, she wrote.

Already the party has been postponing payments to its consituency associations, she said, thanking them for their “patience, goodwill and understanding.”

Provincial secretary Laura Nichols' report to the convention said, “Putting first things first means that the Party's first order of business must be to tackle the debt arising from the 2009 election.” The level of debt was “particularly troubling” and the finance committee needs support “to pay down our debt as quickly as possible,” she said.

Andrew MacLeod is The Tyee’s Legislative Bureau Chief in Victoria. Reach him here.

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