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Costa Mesa arts fund faces structural shortfall as commission readies master-plan update
Summary
Commissioners pressed finance staff over a persistent structural deficit in the Arts Fund, were told Measure Q cannabis revenue yields roughly $240,000 annually, and agreed to draft a council-facing funding framework as the arts-and-culture master-plan consultant recommendation moves toward council consideration.
Chair Ochoa opened a continuation discussion of the arts-and-culture master-plan budget, and finance staff outlined how the arts fund is supported and why it runs a recurring shortfall.
Carol Molina, the finance director, told the Arts Commission the fund receives a half-percent share of cannabis Measure Q receipts that yield roughly $240,000 a year. Molina said the fund carries a structural deficit — “about 200 to 250,000 in a given year” — because ongoing charges (including a…
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