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Tuesday, April 3, 2007

BRADY: Funding for Nonprofit Cultural Organizations

As Mayor, I will work to amend the language of the City’s Percent for Art Ordinance, requiring that a “minimum of one percent of the total project costs” of buildings paid for or wholly or in part by the city be paid as a tax-deductible cash contribution to the newly created non-profit Philadelphia Cultural Endowment Fund.

I will also work to make authorization of Tax Increment Financing contingent upon participation in the Percent for Art Program. The net result of these efforts will be to increase the total funding available for arts and cultural organizations within the City.

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