City Postpones Theater Funding

’s possible $20,000 boost from the City Council was put on hold during Wednesday’s meeting, as the theater finalizes its projections for the end of this fiscal year and for the next fiscal year, The Marietta Daily Journal says.

Theatre's in the Square's board . The theater needs to launch its next season in the Fall of 2012.

Mayor Steve Tumlin agreed to postpone the decision to grant the theater funding because he wanted to review the theater’s new lease as well as see its financial plan, according to the MDJ.

Overall, the theater needs $750,000 to pay off its vendor debt, finish the current season and ensure the next season of performances, according to the theater's website. As of February 1, the theater had raised $327,863.

Ticket sales at the nonprofit theater, , have . Because of the theater's nonprofit status, in the last three years.