Los Angeles Adds $54 Million to Arts Budget
Good news for Los Angeles art lovers: the city’s board of supervisors has taken a look at the budget for the upcoming 2014–15 fiscal year and increased the $84.7 million arts and culture spending allotment by $54 million—a number that makes the $7.5 million in LA public art funds that has been tied up in bureaucratic procedures since 2007 seem like small potatoes (see “Los Angeles Wants to Cut Red Tape on $7.5 Million in Arts Funding“).
As reported by the Los Angeles Times, this supplemental budget draws in part from unspent funds from the previous year, as well as revenue sources that were unconfirmed when the initial budget was drawn up in June. That revenue, hundreds of millions of dollars, is now being parceled out to various sectors.
Of the budget additions, $28.6 million has been earmarked for renovations at Hollywood’s John Anson Ford Theatres, more than doubling its initial budget, while the Natural History Museum of Los Angeles County will add $1.8 million to its existing $18.1 million in funding for 2015. Mexican-American art and history museum La Plaza de Cultura y Artes sees its budget multiply more than fourfold, from $1.5 million to $6.5 million.
The LA art scene is also getting a boost from the private sector ahead of the upcoming second edition of the Getty’s Pacific Standard Time (see “$5 Million in New Getty Grants“). In both cases, the additional arts funding is sure to boost the local art cognoscenti’s love affair with local politician Bobby Shriver as he campaigns for the LA County supervisor seat on a platform that advocates the arts as an important facet of the economy (see “Why Is The Art World Enamored With LA Politician Bobby Shriver?“).
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