New York Botanical Garden Cuts Budget

The New York Botanical Garden is slashing its $64-million annual operating budget by 12 percent and will reduce its full-time workforce of 480 by 10 percent, reports Crain’s New York Business. The cuts must happen, say officials, even though the group saw an 8 percent increase in visitors over the past year, because the nonprofit organization’s earned income has fallen by 20 percent.