CSO posts a $1.4 million deficit for 2017

Wed Nov 08, 2017 at 4:40 pm

By Lawrence A. Johnson

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The Chicago Symphony Orchestra has posted a deficit of $1.4 million for the 2016-17 season, marking the seventh straight year of shortfalls.

In the 2017 fiscal year report, released last week by the CSO Association, operating expenses were down slightly at $72.2 million compared to $73 million in 2016. Unfortunately, so was operating revenue at $70.8 million, ($71.9 million in 2016), creating a deficit of $1.4 million.

That amount also represents the first increase in the CSO deficit in six seasons ($1.1 million in 2016) after slightly whittling down the debt in previous years.

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