Milwaukee Symphony Posts Smaller Deficit, Reaching Recovery Goal

Classic Arts News   Milwaukee Symphony Posts Smaller Deficit, Reaching Recovery Goal
 
The Milwaukee Symphony ran a deficit of $2.61 million in 2004-05, the orchestra announced.

The deficit is down from a $2.9 million loss in 2003-04, and $131,000 less than the goal set for 2004-05 in the MSO's three year recovery plan. Under the plan, the orchestra will post a deficit of $650,000 for the current season and reach a balanced budget in 2006-07.

Despite the deficit, the orchestra has reduced its accumulated debt from $9.8 million to $9.5 million, thanks to a number of major gifts to a $15 million campaign to retire the debt.

The MSO also announced that single-ticket sales are up 23 percent in the first three months of the 2005-06 season. The orchestra boosted single-ticket sales by 20 percent in 2004-05.


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