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How the fiscal cliff will affect dancers and dance companies
Posted By Steven Weisz On December 28, 2012 @ 7:12 pm In Action & Advocacy | 1 Comment
The fiscal cliff is just days away and while Americans believe it’s critical that Congress and the President reach a timely compromise on the issue, many remain skeptical about their ability to do so. For many the fiscal cliff is still some confusing, abstract concept, but it has real consequences to the arts and dance sectors.
In 2011, a bipartisan congressional “super committee” was tasked with drafting a budget agreement that would address and reduce the country’s growing annual deficit. The super committee adjourned without reaching consensus, but the Budget Control Act that Congress enacted that same year calls for “sequestration” to take place should Congress come to no further deficit reduction solution by January 2013.
Sequestration is a series of automatic cuts of over $1 trillion across all agencies of government over the next ten years.This is what has been referred to as the “Fiscal Cliff” due to its potential impact. These mandatory cuts will effect every sector, and, arguably, none more so than the nonprofit sector, which will see deep cuts in government spending to the arts, health, human services, housing and many other areas in which nonprofits operate.
In the fall of 2012, the White House put together a nearly 400-page report on the proposed cuts, how each agency would be affected, and by how much. The full report may be read here. 
According to the Colorado Nonprofit Association proposed cuts to Arts and Culture would be close to 74 million…
But what does the Fiscal Cliff actually mean to non-profits in the dance sector?
For non-profit organizations that rely upon government funding, the fiscal cliff will mean having to find alternative funding sources. For non-profits that rely primarily upon individual giving, the impact will depend on how well your donors fair should we go over the cliff. In either case, this should be a wake up call that dance and the arts can no longer do business as usual, but will need to seek other sustainable models for income and growth if they are to survive in these tenuous economic times.
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