The Stratford Festival has announced that it suffered a 3.4 million dollar deficit in its 2012 season.

In spite of that, the Festival says it’s not worried about its future.    It’s just the second time in the last 20 years that the Stratford Festival has experienced a deficit, and the company says it’s confident it will regain its ground and retain audiences.

Along with dollar losses, the company saw attendance rates drop to their lowest levels in almost three decades.

And tickets were being sold at about five dollars less per seat.