IE 11 is not supported. For an optimal experience visit our site on another browser.

Pittsburgh Symphony sees 2010 deficit of $670K

The Pittsburgh Symphony Orchestra says it will be running a $670,000 deficit by 2010.
/ Source: PhillyBurbs.com

The Pittsburgh Symphony Orchestra says it will be running a $670,000 deficit by 2010.Symphony president Lawrence Tamburri offered that forecast Monday to the board of the Allegheny County Regional Asset District. The board doles out some money raised by the county's 1 percent sale tax to regional assets like libraries and arts groups.The symphony wants $1.25 million in RAD funds for 2010, an increase from $1 million this year.Tamburri says the stock market downturn has hurt the symphony's endowment, and the economy has also slowed ticket sales, fundraising and, possibly, state funding.The symphony cut 11 staff and froze salaries of senior managers this year to save $400,000. Next year, all staff will have a pay freeze.