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Home » Orchestra News » Nashville Symphony Orchestra to Receive Raises

Nashville Symphony Orchestra to Receive Raises


Musicians and management of the Nashville Symphony Orchestra (NSO) have reached a four-year agreement. The new contract offers musicians 3% raises in the first two years; in each of the last two years wages will be open to renegotiation. This is a step forward, following the 15% pay cut musicians took last year when Schermerhorn Symphony Center (SSC) was threatened with foreclosure.

In the 2013-2014 season, NSO achieved a 26% increase in ticket sales and a 71% increase in fundraising, compared to the previous season. The orchestra has reduced operating expenses by $10 million, which primarily consisted of debt payments for SSC bonds. The most recent audit shows that NSO’s debt has been reduced to under $23 million; $20 million of the debt is a five-year interest-only balloon-payment loan established at the time of the SSC settlement in 2013.

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