Aurora City Council pushes back on possible reductions in support for Paramount
The matter came up at Tuesday's Aurora City Council meeting, when the council heard a presentation on the city's 2024 audit and discussed the city's future financial concerns.
The presentation described the city's use of American Rescue Plan Act, or ARPA, funds during the COVID-19 pandemic, money which had to be obligated by 2024 and spent by 2025, Aurora Chief Financial Officer Stacy Peterson told the council. Much of that funding was spent on ongoing costs, she said, like the ShotSpotter system, body cameras and dash cameras for the police, the addition of 49 full-time employees and financial support to things like the Aurora Civic Center Authority.
Peterson also noted that costs for the city went up in 2024, as did the city's debt, and revenue stayed the same or went down slightly.
Aurora is facing a significant budget gap for the coming year, Mayor John Laesch recently said. In addition to other attempts to cut costs or generate more revenue, one recent move was the cancellation of the proposed City of Lights Center theater and event space that would have been managed by the Aurora Civic Center Authority, according to past reporting.
The project didn't make sense to him or others, and the price was just too high, Laesch has said.
Laesch also recently said that the city has been giving the Aurora Civic Center Authority 'way too much,' according to past reporting.
In addition to the Paramount, the Aurora Civic Center Authority owns and operates the Copley Theatre, Paramount School of the Arts and North Island Center, as well as manages the city-owned RiverEdge Park and Stolp Island Theatre.
Earlier this month, ACCA said in a letter to subscribers that the city's previously-communicated financial support of the organization could be reduced by up to 65%, a change made after programming and budgeting had already been committed for 2026, according to past reporting.
The organization said its Bold Series would be going on hiatus after the final performance of its current production, 'True West,' on Aug. 31 at the Copley Theatre in downtown Aurora. ACCA also reduced its full-time staff by around 20%, President and CEO Tim Rater previously said.
ACCA was facing a $7 million shortfall in its 2026 budget, and under former Mayor Richard Irvin, the city was considering filling that gap, according to past reporting. That planned support represented roughly 20% of the organization's overall yearly budget, according to Rater.
In a statement, Laesch reiterated that the ARPA funding that had previously been supporting the Aurora Civic Center Authority was no longer available, and he said that the city has offered to help with fundraising, cross-promotion and other initiatives to help the organization's finances.
A spokesperson for the Paramount on Thursday said that it is continuing to negotiate with the city, but declined to comment further on the organization's plans going forward.
At Tuesday's City Council meeting, council members noted that there had been pushback from constituents about the possibility of the city reducing financial support for the Paramount.
Ald. Jonathan Nunez, 4th Ward, said that 'upset is an understatement' in terms of the response he's gotten from constituents.
'Our budgeting and our revenue and expense proposals are basically a reflection of our community's values,' Ald. Carl Franco, 5th Ward, said at Tuesday's meeting. 'I think we all know how the community feels about the value down there … it seemed like that was a harsh way to start.'
Laesch said at the council meeting that the city has never had a budget line for ACCA, and that Aurora is facing significant financial challenges. The city will provide an update to the council on its financial situation on Aug. 26, per the presentation from Tuesday's meeting.
'I think when you get the Aug. 26 financial update, I think you'll probably realize just how serious of a financial situation the city's in,' Laesch said. 'I'd say that it (is) probably going to be pain felt all over.'
But City Council members expressed concern that possible cuts to the Paramount would have an impact beyond the theater itself, to surrounding businesses and restaurants, for example.
'The engine, as we know, is the arts down here, and I hope it doesn't affect them,' Franco said. 'I hope … that it doesn't see them leaving, because that's revenue for us.'
Ald. Patty Smith, 8th Ward, said it might mean less people coming to Aurora overall.
'The cuts are going to come back at us,' Smith said. 'The people that come to Aurora because of our Paramount will no longer be coming here because we're not going to be offering the quality and the shows and the amount of shows that we have had in the past.'
Ald. Edward Bugg, 9th Ward, said there was a 'gap here … in terminology,' noting that city funds for ACCA hadn't been budgeted yet, but were merely projections for next year.
Ald. Will White, at-large, said he believes the city should support the arts, but asked if there is any oversight from the city as to how money is spent when they give it. Laesch said he thinks the city can look at its finances, and said that the city will need to have some oversight on the accounting at ACCA.
As the city continues to grapple with its financial troubles, the council on Tuesday suggested some direction for how it wants the city to proceed in supporting the Paramount. Ald. Michael Saville, 6th Ward, for example, advocated for 'more of a soft landing to assist them, rather than something so drastic.'
'I think everybody recognizes that (funding) needs to be cut,' Saville said. 'The question is: can we do it in such a way where it doesn't hurt their programming and doesn't hurt the businesses and doesn't hurt the economic activity that we've established here?'
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