The Hartford Symphony Orchestra says shutting down is possible as contract talks with the musicians union bog down.
Jeff Verney, chairman of the Board of Directors, said Friday that contributors are balking because the orchestra has not sufficiently restructured in "a more balanced way."
Officials say the orchestra, which is in its 72nd season, is undercapitalized and face annual deficits of more than $1.3 million. A $2 million line of credit also is fully drawn.
Michael Pollard, a violinist and member of the American Federation of Musicians negotiating committee, says the symphony is looking for a 30 percent wage cut, down from 40 percent originally proposed. He says that will not solve the symphony's financial problems.
Musicians have blamed a lack of fundraising as the principal reason for the problems.