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Sunday, December 21, 2014 |  Madison, WI: 35.0° F  Overcast
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Overture Center sees red in special budget

With its finances already in disarray, the Overture Center on Tuesday ended its special six-month budgeting period $275,000 over budget.

On Monday, it cut two staff positions - vice president of communications Jonathan Zarov and promotions coordinator Anna Hahm - geared toward balancing its 2009-2010 budget, which runs from July 1 to the end of next June.

In 2008, the Madison Cultural Arts District, which manages Overture, was $836,000 over budget. The picture for the first six months of this year wasn't pretty. Wages and benefits were $100,000 more than projected, artist fees $50,000 more, ticket sales down more than $100,000, interest income down $77,000.

But Overture president Tom Carto remains upbeat, saying ticket sales for upcoming shows are up over last year. He expects Overture to break even for the year.

"The 2009-2010 budget is looking very good right now," Carto says. "Lion King is going to be a big help with that. And we already see our [ticket] subscriptions are really moving quickly."

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