Audit: Cutbacks and state funds may not be enough to sustain financially troubled Baltimore Symphony

Posted on: July 18, 2019

“An audit of the Baltimore Symphony Orchestra released late Tuesday suggests that the arts group is in such grave financial straits that neither the legislated cash infusion from the state nor the reduced expense of a shortened season might be enough to save it,” writes Mary Carole McCauley in Wednesday’s Baltimore Sun. “The audit, conducted by SC&H Group and dated July 15, examines whether the cash-strapped symphony could be buoyed by $3.2 million allocated this spring by the Maryland General Assembly and a proposal to trim the season from 52 weeks to 40 accompanied by a roughly 20 percent pay cut for the performers. The audit bolsters the contention that both fixes … could improve the symphony’s bottom line. But the audit also suggests that unless the symphony can find other sources of revenue, either remedy or both combined would at best be short-term solutions … ‘Management believes that the restructuring of the season … will improve its operating results,’ the audit says. ‘However, there is no assurance that the orchestra will be able to generate sufficient resources’ …  to remain in business for one more year…. A negotiating session between the management and musicians scheduled for Wednesday ended without significant progress, both sides reported.”

Posted July 18, 2019