Stratford Festival faces $20-million budget shortfall despite cost cutting squib

The Stratford Festival says despite efforts to rescue its finances from the impact of COVID-19 the organization still has a $20-million hole in its budget. Carol Stephenson, chairwoman of the board at the festival, has asked the House of Commons standing committee on finance for $8 million to help get the arts organization back on its feet. Stephenson outlined measures the festival — a huge economic driver for the Stratford, Ont., area — has taken in recent weeks to recover from a steeper $40-million deficit projected about a month ago.
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