The Houston Symphony’s $880,000 Deficit (Much Smaller Than Predicted)

The Houston Symphony finished its 2003-04 season with an $880,000 deficit, much smaller than predicted. “A strike by musicians in March 2003, the first in the organization’s 90-year history helped the orchestra end the 2002-03 season with a $3.6 million deficit. But the strike settlement allowed the symphony’s board to implement a five-year plan to get balanced budgets on a regular basis and pay off its accumulated deficit by 2008.”