Milwaukee Symphony Posts Another Deficit

The Milwaukee Symphony had another bad financial year. The orchestra reports an “operating deficit of $2.9 million and a $169,000 decline in ticket revenue for the fiscal year ended Aug. 31. The accumulated debt now stands at $9.8 million. It could have been worse. The orchestra was projecting a $3.5 million operating deficit last January,” but office staff was reduced by 17 positions, about 30%, to save the bulk of the $600,000 difference.