Minnesota Orchestra’s News It “Only” Lost $650K This Year Is Greeted With Relief

Revenue in the year ending Aug. 31 reached $20.8 million and expenses totaled just under $21.5 million. Smith said the budget for the current fiscal year is about $29 million, compared with several years in the recent past when expenses reached as high as $32.4 million (in 2009). The decrease in musicians’ compensation accounts for $1.7 million, he said.

source ArtsJournal http://ift.tt/1z2pU8c

Posted in: Dance news