The Indiana Arts Commission announced the implementation of a new regional funding formula designed to more equitable distribute public arts funding throughout the state. “This new funding formula was developed with the input of all 12 of our Regional Arts Partners, and represents their joint recommendations,” explained Lewis C. Ricci, IAC Executive Director. “The purpose was to adjust our regional block grant distributions in such a way to more fairly reflect the geographic size and population of each region, as well as its unique cultural needs.”
Recommended jointly by the 12 Regional Arts Partners and ratified by the Indiana Arts Commission at its June meeting in Fort Wayne, the new funding formula is almost totally based on region population as documented by the U.S. Census. The resulting formula will be applied each year based on available state funding for the Regional Block Grant. The new regional funding will be introduced in stages to allow for a period of budget adjustment. Fifty percent of the funding change will occur in Fiscal Year 2010, with 100 percent of the change taking place in Fiscal Year 2011. For more information on the Regional Block Grant revisions go here .
Posted by Don Koverman