Phoenix Symphony Suspends 2026-27 Season

As its financial shortfall forces the suspension of performances and programs, the Phoenix Symphony’s board works toward building a long-term financial foundation.

On Tuesday, the Phoenix Symphony announced that it will suspend operations following its scheduled performance on Sunday, November 1. The Symphony will suspend the remaining 2026-27 performances and programs until further notice, and musicians will face layoffs starting Monday, November 2. Unfortunately, the Symphony does not have the financial resources necessary to continue the season.

Despite increased revenues, ticket sales, and philanthropic support, ongoing operating deficits have left the organization with substantial financial obligations that make continuing the season untenable. The Board and management have worked to address financial challenges through the $60 million CRESCENDO fundraising and endowment campaign, identifying significant reductions in administrative costs, and through ongoing consultation with musician representatives.

But these efforts have not been enough. Anticipated contributions for the current fiscal year have fallen short of the amounts required to sustain operations, and more fundamental changes are necessary.

“This is the most difficult decision this Board has faced, and we did not make it lightly,” said Mo Stein, Chairman of the Board of the Phoenix Symphony. “We have diligently pursued measures to close the gap between operating costs and revenues, and our efforts have not yet been enough. Continuing the season without the cash flow to meet our immediate obligations would put the institution’s future at greater risk. Our responsibility now is to minimize further losses, create a robust restructuring plan, and build a financial foundation that will last.”

“We know the consequences of this decision on musicians and staff will be profound. They are the heart of the Symphony, and their artistry and dedication have deeply enriched this community,” said Peter Kjome, President and CEO. “We also understand the disappointment for our subscribers, students, concertgoers, and many community partners. It has been an honor to share our love of music with this community for nearly 80 years. Now our responsibility is to pursue every reasonable opportunity to preserve this institution for the future.”

The Board and management have worked on several fronts to address the deficits, across fundraising, revenue increases, and administrative cuts. However, essential costs have continued to increase, the majority of endowment gifts are unable to be used for day-to-day funding needs, and philanthropic contributions for the current fiscal year have not reached the levels needed to sustain operations. Combined with the organization’s existing obligations, this shortfall has created an immediate financial crisis.

The season has not been canceled, even though the Board has suspended it. The goal is to reopen as soon as possible. But when, or whether, performances will resume is not yet known. During the suspension, the Board and management will evaluate outstanding obligations and operating expenses, review revenue assumptions and fundraising needs, and determine the conditions necessary for a responsible, sustainable return.

“Any return to the season will depend on a realistic budget, verified support, and the financial discipline to remain open,” Stein added. “We owe that to our musicians, our staff, our patrons, our donors, and everyone else who has supported this orchestra.”

Supporters who would like to contribute to the Symphony’s reopening may make a donation.