In Fiscal Trouble, the Milwaukee Symphony Orchestra Plans Ahead | Playbill

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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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