PITTSBURGH - Presentations by organizations requesting funding from the Allegheny Regional Asset District for year 2017 will begin on Monday, August 29th at 3pm. The hearing schedule can also be found on the Board Meeting pages.
There are 110 eligible assets this year, comprised of nine contractual assets, two multi-year assets, and 99 annual applicants. The total of these requests is $106,684,365. Of that amount, requests for operating funds total $96,580,446 and requests for capital funds total $10,103,919. Last year, the Board reviewed 109 eligible applications for grant requests totaling $103,434,427 and adopted the final 2016 grant budget of $96 million.
The hearings will open with presentations from contractual assets, organizations with minimum funding guarantees, such as the Carnegie Library of Pittsburgh and the National Aviary. While their contracts go through 2019, they are required to submit applications to the Board each year. Following completion of those sessions, annual grant requests will be heard. All of the sessions will be held at 3pm on the 9th Floor of the Koppers Building, 436 Seventh Ave., 9th Floor, in downtown Pittsburgh. The meeting is open and accessible to the public
On or around September 29th, the Board will release a preliminary budget that will be open for public comment for nearly two months. The Board will then hold a hearing on October 27th for public comment on the preliminary budget before meeting to adopt the final budget on or around December 1st.
RAD supports and finances regional assets in the areas of libraries, parks and trails, sports and civic facilities, and arts and culture programs. RAD receives one-half of the proceeds from the one percent Allegheny County Sales and Use tax. The other half goes directly to the county and municipal governments. Since 1995, the District has allocated nearly $1.6 billion in grants for the preservation and enhancement of the regional assets. Visit radworkshere.org for finance and budget reports, and links to all of the regional assets.