Pittsburgh Symphony Orchestra's deficit nearly tripled in 2012


PITTSBURGH - The Pittsburgh Symphony Orchestra’s deficit has nearly tripled in the last year.

The symphony’s deficit jumped from $1 million to $3 million in 2012.

Some big money is at stake if the symphony can balance its budget.

Board Chairman Richard Simmons has pledged $12 million and the Heinz Endowment has promised to donate $5 million.

The symphony said the budget shortfall is a result of the recession.