Indianapolis Symphony Orchestra Hit by Recession

The Indianapolis Symphony Orchestra, one of the most beloved and well known Indianapolis musical organizations, is feeling the hard hitting effects of the recession. In a new three-year contract that was ratified on October 4, members of the Indianapolis orchestra agreed to a 12% pay cut in the first year.

Over the next two years of the contract, the pay will gradually increase, but the orchestra is making other cuts to stay afloat during these difficult times. Former music director Mario Venzago was also released after he declined a contract in which he would take a drastic pay cut.

Health benefits and pension plans for members will be reduced temporarily. The President and CEO of the ISO will take the largest pay cut at 15%; the vice presidents will lose 10%, and regular members of the orchestra will take a 5% pay cut. This goes to show that not only are Indianapolis businesses hurting, but also Indianapolis arts and Indianapolis culture.

Video of a performance by members of the Indianapolis Symphony Orchestra at the Indianapolis Museum of Art

The good news is that the Indianapolis Symphony Orchestra has always had the full support of its community, a beautiful city that embraces the orchestra’s contributions to the arts. As of now, there are no planned reductions in the ISO’s season, so Indianapolis music lovers can continue to go to Hilbert Circle Theatre and other Indianapolis performing arts venues to support the struggling orchestra.

The Indianapolis Symphony Orchestra will be performing this Sunday, Oct 11 at the IU President’s Concert at Indiana University in Bloomington. Be sure to head out and show your support for this venerable pillar of Indianapolis music!