Cleveland Orchestra Posts Deficit

“The orchestra will report its first deficit since 2005, a shortfall of $2 million, on a budget of $43.7 million. That figure itself was trimmed mid-year in response to the worsening financial picture, from $44.6 million. The deficit comes despite an injection of nearly $2.3 million from special bridge funds raised as part of the orchestra’s five-year turnaround plan, now in its final year.”