Referendum adopted by voters in 1988 reauthorized 2X

1
Scientific Cultural Facilities District

• Referendum adopted by voters in 1988
  (reauthorized 2X)
• Regional support for arts, culture science
  (RTD/stadium)
• 7 metro counties participate
• Three Tiers differentiated by
• Community stature and impact
• Qualifying criteria
• Percentage of collected funds that each tier
  receives

2

• 0.1 Sales and Use Tax (penny on 10)
• .75 of tax revenue for administration
• 99.25 distributed to organizations
• Local control (regional county/board
  councils)
• Designed to be replicated
• 95 for general operating support
• Funds may not be used for capital construction

3
Current Distribution 2008 Distribution 41.9
million591,000,000 over 20 years

• National/Regional Tier I (65.5 27.7 million)
  
• 5 organizations/institutionsZoo, DMNS, DAM,
  DBG, DCPA Statute dictates each organizations
  share of the tier .

• Regional Tier II (21 8.8 million)27
  organizations Threshold annual operating income
  to get into tier, then formula weights equally
  AOI and audited paid attendance for share of tier
  .

• Local Tier III (13.5 5.7 million)280
  local, community-based organizations Funding
  through local county cultural council based on
  competitive grant process

4
SCFD Reflects Public Policies

• Cultural institutions are significant regional
  asset and require public investment
• Local control of tax dollars (accountability,
  transparency benefit)
• Collaboration and compromise necessary for
  initial and continued success
• Voter support is a must sunset provisions

5
Only Voters Can Change

• Amount of tax (e.g. 1 per 10 sales and use tax)
• Percentage of revenue allocated to each of the
  three Tiers up to 38 million
• Allocation formula for funds above 38 million
• Sunset date

6
Economic Impact CBCA Survey Based on 2007 Data

• 1.7 billion in economic activity a 91 return
  on investment
• 16.4 million people visited cultural facilities
• 9.4 million free 2.2 million reduced rate visits
• 1 in cultural spending generated 1.33 for other
  businesses
• 8,130 people employed and 120 million in wages
• 39,600 volunteers contributed over 1.5 million
  hours
• 1 million people (adults and children) enrolled
  in classes
• SCFD distributed 42.4 million to recipient
  organizations
• Cultural organizations made 3.47 million student
  contacts