Of the $737,000 or so Occupy Wall Street reports it has raised in donations since its inception nearly six months ago, it's managed to spend or earmark more than $700,000 of that, according to its latest finance report. Amid the staples, copies, computers, and materials for its direct actions, it paid for tea, cigarettes, and lots of Metrocards. For the group that occupied Wall Street in the first place, a financial hangover is at hand.
At its peak, Occupy had around $500,000 in the bank as donations poured in thanks to the national exposure of its Zuccotti Park encampment. Now, aside from the $89,029 that remains of its $100,000 bail fund, it has $30,537 to work with, according to last week's report. So where did all that money go? A sampling of some of some of line items in the Occupy budget:
$45,000 on Metrocards The movement moves by New York subway. (Though it's a little hard to tally because some of those are reported as one of a few bundled expenses, such as $87 for "metrocards and earplugs" for the security detail on Nov. 9).
$9,900 on legal expenses Almost all of that going to bail out activists arrested during Occupy actions.
$6,000 on tea and herbs And do not forget the equipment to prepare them, as documented in expenditures slated for the Tea and Herbal and Herbalist working groups.