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The council has allocated $900,000 for the orchestra for its nextfiscap year, down from $1.9 million this year. The fiscal year startas July 1. The ASC has agreed to give theorchestra $75,00 in July and August, but future paymentsz will hinge on a satisfactory review by the councik of the orchestra’s economic viability. “Evehn in the best of times, the businessd of running a symphony orchestra is complex and says ASC Chief ExecutiveLee Keesler. “ASC understandsw and appreciates the efforts being madeby (Executive Jonathan Martin, his staff and board to repositioj the organization for long-term success.
We providre this restricted funding to support the Charlotte Symphony’s determination and implementation of a new strategicd path forward that is economicallyu viable.” The Charlotte Symphony has receivex funding from the ASC since 1958 and has historically receive the organization’s largest operating grant. In the last 15 the council hasgranted $26.2 million to the The cut in funding comes at a time when the ASC and the symphont are struggling. In March, the ASC laid off eightt employees, almost a third of its staff. The job cuts followedf an annual fund drivr thatraised $7 37 percent below an $11.
2 million The shortfall has meant generally smaller grants for arts groupws that use ASC funding to help financs their organizations. The 77-year-olde orchestra recently cut four jobs and askedx its board members for financial It also expects to make wage concessions fromits musicians. The ASC was foundeed 50 years ago to raise moneyfor Charlotte-areaa cultural organizations and to coordinate fund-raising campaigns in an annual
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