By: Diane Benjamin
The budget for the BCPA is buried in the Parks and Rec. I FOIA’d a detailed Parks and Rec budget to see exactly what it costs.
The budget predicts Revenue of $3,073,270.
It predicts Expenses of $3,349,098.
That is a loss of $275,828.
But that’s not the story!
$1,700,000 of that $3 million in Revenue is Home Rule Sales Tax
$5,000 is a Federal grant
$10,000 is a State grant
Please note: All of the above are TAX dollars whether it was stolen from you or somebody who doesn’t live here.
Rent Income $240,000
Programs Income $5,270
Admission Fees $605,000
Box Office Fees $75,000
Private Grants $35,000
Sponsorships and In-Kind contributions $305,000
Full Time Salaries: $547,000
Seasonal Salaries: $175,000
RHS Contributions $1,590
Soc Security $53,739
Unemploy Insur $4,000
LIUNA Pension $749
Total Benefits Cost: $305,551
Total Cost for Employees: $1,045,551*
Artist Fees: $425,000*
- Total $1,781,551
The increased Home Rule Sales Tax generates $1,700,000, that’s just enough to pay salaries, artists, and advertising.
The purpose of the BCPA is obviously not to make money, they don’t even try. Payments on the bonds are not included in the BCPA budget. The loss on this building is much higher than the budget.
How many “feel good” projects can you afford? (Coliseum, Connect Transit, BCPA, sports complex?)
Fiscal responsibility doesn’t exist.
See the detailed budget here: BCPA Detailed Budget