“The board chose to cover operating deficits in 2009 and 2010 with major withdrawals from its investments. Then, in 2011 – on the cusp of labor negotiations with musicians – it “drew down” less money and declared a $2.9 million deficit.”
“The board chose to cover operating deficits in 2009 and 2010 with major withdrawals from its investments. Then, in 2011 – on the cusp of labor negotiations with musicians – it “drew down” less money and declared a $2.9 million deficit.”