Friday, July 25, 2008

Oregon Symphony still in precarious financial situation

The Portland Business Journal today gives an updated accounting of the Oregon Symphony's continuing struggle to remain financially viable. The good news is that Elaine Calder, the president of the OSO and the board have done an excellent job to trim the deficit and are on the right track. The tough news is that there's still a long ways to go.

Note: David Stabler and Charles Noble in their blogs have pointed out several errors in this article (including a deficit of $549,00 instead of $671,000).

Also, last year, I attended the annual meeting of the Oregon Symphony, and the big emphasis focus on corralling the big deficits and balancing the budget after the 2008-2009 season. Looking at the final tally of the deficit from the 2007-2008 season, I would have to say that Calder and company have taken great strides and may very well achieve the balanced-budget goal next year.

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