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Independent Budget Office Fiscal Brief: City Revamps Arts Funding Process: More Funds for More Groups

Date Published:

2009-08-26

Description:

This Independent Budget Office Fiscal Brief addresses the increased City funding for arts and cultural groups for fiscal year 2008. Data, information, and analyses are provided on the new funding allocation system and its effect on art groups and the economy in New York City. This change had several goals: to make sure more of these program funds were available to more groups, to adopt a peer-panel review system that would award grants on a competitive basis, and to foster some level of fiscal stability among larger organizations by providing them with multiyear awards.

Agency:

Independent Budget Office, NYC (IBO)

Subject(s):

Cultural/Entertainment

Report Type:

Budget Report