JACKSONVILLE, Fla. -- Despite a revenue increase of almost $650,000, the Jacksonville Symphony Association lost money again during the 2011-2012 season, according to our news partner, The Florida Times-Union.
The Times-Union reports the symphony is now about $3 million in debt, running a deficit of $450,000 for the year.
Board chairman Dick Pierpoint told the Times-Union, "we have an $8 million orchestra in a $7 million town."
Executive director Stacy Ridenour told the Times-Union, "our solution is going to be a combination of cost reduction and revenue enhancement."
The symphony was founded in 1949 and operates as a non-profit cultural education organization.
Each season more than 80,000 young people benefit from the Orchestra's educational opportunities, according to jaxsymphony.org.
You can read the Times-Union's full story here.
The Florida Times-Union