Following years of persistent budget deficits that led to two bruising labor battles, the Atlanta Symphony Orchestra ended its truncated 2014-15 season hundreds of thousands of dollars in the black, reports The Atlanta Journal Constitution.
While final fiscal tallies are not yet in, preliminary numbers show revenue exceeding expenses by a "solid six figures," said Randy Donaldson, a spokesman for the Woodruff Arts Center, which oversees the orchestra.
The orchestra ran deficits for 11 straight years before the 2014-15 season, which started late due to a nine-week lockout of musicians, the organization's second in two years. The lockout ended in November with the signing of a federally mediated, four-year collective-bargaining agreement, under which musicians will receive 22 percent of the budget surplus. The Woodruff also said it has passed the halfway point in a $25-million fundraising drive for a musicians' endowment.