How Much Smaller Will New York City Opera’s Next Budget Be? (About Half)

“According to a source near the company, current plans are to slash the budget by half, spending only about $11 million on the season, of which approximately $1.5 million (it is hoped) will be covered by ticket sales. The remaining $10 million or so of costs are to be made up through ‘unearned income,’ including donations to the company.”