Word: budgetable
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...tanking and charitable endowments badly deflated, donations and underwriting have also been drying up. And as state and local governments contend with huge deficits, arts spending has been a major casualty. In Michigan, where the struggling Detroit Institute of Arts recently laid off 20% of its staff, the 2010 budget proposed by Governor Jennifer Granholm would cut arts funding to exactly nothing...
Finding ways to tweak the revenue stream is not as simple as raising prices. For instance, for most museums that charge admission, fees at the door account for less than 10% of annual income, so hiking ticket prices doesn't do much to close a budget gap. And because many museums benefit from taxpayer support, any attempt to charge more can turn into a battle over the right of the public to have affordable access to a place it subsidizes...
Eventually the stimulus package included an additional $50 million for the National Endowment for the Arts (NEA). President Obama has also proposed increasing the NEA budget next year by $6 million, to $161.3 million. And in May he nominated a firecracker, the Broadway producer Rocco Landesman, to be the NEA's next chairman. But at the same time, arts groups are worried about what they see as a serious threat to their donor base: the White House proposal to reduce as much as 20% the tax deduction that higher-income families can take for charitable contributions...
...least, the biggest dream of all may be a balanced budget...
...idea, for much the same reason that giving me a credit card was a bad idea: I love stuff and hate paying for it. And it turns out there are a lot of people just like me. On May 19, California voters knocked down all five of the budget-cutting and tax-raising propositions designed to save the state budget from being $21 billion short. We already had the worst credit rating of any state. Which means that if states were people, California would be Ed McMahon...