Dublin city councillors have voted to defer a decision on whether to wind up the Temple Bar Cultural Trust.
An independent report claimed that €80,000 a year could be saved by transferring the trust's responsibilities to Dublin City Council.
The trust, which organises cultural events in Temple Bar, got €2.2m in revenue last year, mainly from rent income in the area.
But a decision on its future was deferred until October at the request of Labour and Sinn Féin councillors.
Labour councillors want to meet with the Temple Bar Cultural Trust and get clarification on how future income from commercial rents would be used by the city council.