That the City Manager work with the Cambridge Arts Council and Department of Finance to allocate a percentage of hotel/motel tax revenue and adult use cannabis tax revenue to the arts in the FY20 budget.
|Department:||City Clerk's Office, AM||Sponsors:||Vice Mayor Alanna Mallon, Councillor Marc C. McGovern|
A robust and stable funding source is necessary to maintain a thriving arts community; and
The FY19 City Budget allotted only $1,068,210.00 for the Cambridge Arts Council and Public Celebrations budgets combined; and
Key FY19 objectives of the Arts Council are to promote and support artists as well as commission and conserve public art, both of which take significant financial resources to accomplish effectively so that artists are paid living wages for their work; and
There are opportunities in the City Budget to increase municipal funding for the arts, including allocating a percentage of the projected $14,4000,000.00 of the City’s hotel/motel tax revenue (which in June will include additional revenue generated by the implementation of the short term rental ordinance) in FY20, as well as a percentage of the additional 3% tax imposed on adult use cannabis sales; and
According to a 2015 Arts and Economic Prosperity Report, the total revenue generated for local government in Cambridge due to spending by arts organizations and their audiences in that year was $7,038,000.00, showing a robust return on investment in the arts; now therefore be it
That the City Manager be and hereby is requested to work with the Cambridge Arts Council and Department of Finance to explore options for allocating at least 15% of the City’s hotel/motel tax revenue in FY20 to the arts, as well as allocating a percentage of the additional 3% municipal tax imposed on adult use cannabis sales to the arts; and be it further
That the City Manager report back to the City Council in time to inform the FY20 budget process.