Guthrie Theater Reports Dramatic Fiscal Turnaround with Reduced Deficit
After reporting a $3.8 million shortfall on a $32 million budget in fiscal year 2023, the Guthrie Theater posted a deficit of $85,578 on a $29.6 million budget for the year ending August 31, 2024. The theater had anticipated a $1 million gap but achieved greater savings through programming efficiencies and staff cost reductions. Programming expenses, which account for 79% of annual costs, were cut by $900,000"from $2…