Tuesday, October 11, 2011

Tax deductions
In the warren of Met administrative offices, the people who run one of the world’s busiest opera houses had something else to applaud: a record amount of contributions for the fiscal year that ended in July. According to preliminary figures released for the first time, the Met hauled in $182 million, an astonishing amount in a tough economic climate and 50 percent more than it raised just the year before.

And there was other good news. For the first time in seven years, the Met had balanced its budget, thanks partly to $11 million in profits last year from its HD movie theater transmissions, which had been operating for only five years.

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