Wednesday, 28 March 2012

Luminato, AGO face cuts in Ontario budget

Provincial funding for Toronto's Luminato festival is set to face drastic cuts before the money is eliminated by 2015.
Festival organizers were expecting to receive $4 million from Ontario next year and $4.5 million in 2013-14. Instead, the province will now commit $1.5 million next year and $2 million in 2013-14. Funding will cease for the 2014-15 season.

The provincial budget, handed down by Finance Minister Dwight Duncan on Tuesday, also targets a number of the province's cultural institutions, including the Art Gallery of Ontario, the Royal Ontario Museum, the McMichael Canadian Art Collection, and the Royal Botanical Gardens in Burlington, Ont.
Funding for these institutions will be cut by one per cent this year and two per cent the following year.
The Ontario government is facing a deficit of $15.3 billion for the coming year. The funding cuts are part of a provincewide strategy to balance Ontario's books in five years.

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