Winnipeg Symphony Gets Debt-Free

The Winnipeg Symphony has erased a formerly crippling accumulated deficit. “Two years ago, the orchestra was $2.9-million in the hole after several seasons of major losses. The official deficit at the end of the 2003-2004 fiscal year stood at $1.6-million. Of that, $1.3-million has been covered by the province and the rest by private fundraising and a small amount, about $44,000, by a sustaining fee on some ticket sales.”