In Fiscal Trouble, the Milwaukee Symphony Orchestra Plans Ahead

Classic Arts News   In Fiscal Trouble, the Milwaukee Symphony Orchestra Plans Ahead
 
After years of declining attendance, the Milwaukee Symphony Orchestra will soon announce a loss of $3 million for its 2003-04 season, the Milwaukee Journal Sentinel reports.

Symphony managers also expect the cumulative deficit for the orchestra: now roughly $9 million: to approach $14 million by the end of fiscal 2005-06.

Orchestra president and executive director Mark Hanson told the Journal Sentinel that he predicts further deficit spending in the coming years, and is banking on a $15 million "recapitalization" campaign to balance the budget by the 2006-07 season.

Hanson said that the orchestra was working with major donors to meet a series of fiscal benchmarks in the coming years which include decreased deficits and increased revenue from ticket sales, the paper reported.


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