Word: budgeting
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...Washington there are bailouts to be had for banks and car companies, but what about Portland's Oregon Ballet Theatre? OBT's 20th anniversary season is around the corner, but its budget has dropped 28%. It's hard to celebrate in style when faced with a "very serious cash crunch," says executive director Jon Ulsh. And it's forcing arts groups to be ever more creative about where and how they look for support...
...Shakespeare Theatre Company disbanded last October after nine years. "Shocking" is how former marketing director Kristin Godfrey described her reaction when she learned the troupe had to be shut down. As a result of plummeting investments at the Argosy Foundation - which sponsored two-thirds of the company's operating budget - the annual contribution became an impossible check to write. Six weeks was all it took, Godfrey says, from the announcement that their main donor was pulling out to the company's final curtain call...
...Survival is now the goal. With low endowments, even lower budgets, a lack of contributions and middling ticket sales, arts organizations from puppet theaters to tap-dance troupes are pruning their operations. In the past year, the Ohio Arts Council announced a series of three budget cuts. (See the top 10 guerrilla artists...
...Lowdown: This document is the Saw of state-budget reports: a sadistic statistical journey that gets uglier the deeper you delve. In persuasive, insistent language, the authors hoist one red flag after another. They also underline a worthwhile point: for all the grumbling about the deficiencies of the economic-stimulus package, it has have been the glue holding states' tattered budgets together. And the boost it has offered will inevitably wane. "Several revenue failures are generating a lengthy chain of acute budget gaps," the report notes. "Because the current state fiscal crisis began in FY 2008, many states are looking...
...recession and the projected 30 percent decline in endowment value have forced Harvard to enact sweeping budget cuts, from laying off workers to slowing down ambitious capital projects in Allston...