When Good News Is Bad News: St. Louis Symphony

The St. Louis Symphony is touting the financial results of its last fiscal year as good news. Apparently they had raised $25.5 million in operating revenue--and suffered only a $2.62 million deficit (covered through separate fundraising). And it was their smallest deficit since 2005.

Glad to see that things are looking up, but one season with a small, manageable deficit does not erase history, nor does it guarantee success in the future. The orchestra has been running large deficits for almost a decade every year, resulting in debt that can constrain the orchestra as in plans its upcoming seasons.

Popular posts from this blog

What Are the New Models of Professional Musicianship?

Taking a Break