In Turnaround, Pittsburgh Symphony Finishes 2003-04 in the Black | Playbill

Classic Arts News In Turnaround, Pittsburgh Symphony Finishes 2003-04 in the Black
The Pittsburgh Symphony posted a surplus of $463,000 for the 2003-04 season, the orchestra announced yesterday. The surplus represents a dramatic turnaround from the 2002-03 season, when the PSO ran a $1.73 million deficit.
Officials attributed the surplus to a 35 percent increase in donations from the previous year, from $4.4 million to $5.9 million. The orchestra also cut expenditures by $2 million, cutting musicians' pay and lowering production costs.

Some of the savings are temporary, however. According to the musicians' contract, salaries will rise in 2005-06 to 95 percent of the average wage at four of the "Big Five" orchestrasā€¹the Philadelphia Orchestra, the New York Philharmonic, the Chicago Symphony, and the Cleveland Orchestra. Depending on the outcome of contract negotiations currently underway in Philadelphia, Chicago, and Cleveland, salaries could jump more than 15 percent at the PSO.

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