The additional $11.25 million in budget cuts could be particularly challenging this year, since the 2014-2015 season's productions are already scheduled. Six months into the fourth year, they will receive a 2.5% raise, followed by additional raises of 3% in the fifth and sixth years. The stagehands agreed to a six-year contract that calls for a 3.75% pay cut in the first year. The singers and orchestra members have agreed to an immediate 3.5% pay cut, followed by another 3.5% cut in six months and a raise of 3% in the fourth and final year of the contract.

The company's operating budget in fiscal 2013 was $327 million. She joined the company in 2008 after nine years as president of the Citizens Budget Commission, a watchdog group that studies New York City and state finances. Fortuna will have increased financial oversight and 'prioritize the company's commitment to controlling operating expenses,' the Met said.

Met Opera Leader Warns of Lockout (7/23/14).

Met Opera's Books to Undergo Financial Review (8/3/14).Met Opera Reaches Deals With Singers, Orchestra Members (8/18/14).Contracts Give Unions a Voice in Decisions(8/20/14).

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