The Toronto Symphony “lost $2.19-million last year, boosting its accumulated deficit to a dizzying $9.47-million. That’s more than half the orchestra’s annual budget, and over $2-million more than the debt the TSO carried when it nearly went bankrupt four years ago. Last year’s results include a climb in revenue of almost $2-million, and a rise in attendance to a respectable 85 per cent of capacity. Marketing and administration costs dropped almost across the board. And yet the TSO still couldn’t balance its books. There just wasn’t enough fundraising to cover the gap between ticket revenue and the expense of putting on concerts.”