According to the Milwaukee Business Journal, Milwaukee Symphony Orchestra reported a $2 million budget deficit in fiscal year 2013. In a news release, the orchestra admitted it is « in danger of running out of money and faces possible extinction if additional pledges cannot be secured to fund the MSO’s much more modest, prudent budget and business plan for the future. »

The orchestra reopened its contract with the musicians’ union, reaching a new agreement that will allow another reduction in the orchestra’s size, from 79 to a number in the mid- to upper-60s.

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