set-backs at the museum related to servicing its outstanding debts and associated cut-backs in staffing at the museum, with the goal of trying to balance its budget by fiscal year 2018. According to the Met's annual tax filing for fiscal year 2016, several top executives had received disproportionately high compensation, often exceeding $1 million per annum with over $100,000 bonuses per annum. In April 2017, The New York Times reported that the Met's annual debt was approaching $40 million, in addition to an outstanding museum bond for $250 million. This resulted in the indefinite postponement of a planned $600 million architectural expansion of the exhibition space for the museum's modern art collection as well as started a general discussion over the Met's human resources management. The chairman of the board at the Met elected in 2011, Daniel Brodsky, stated in response to the Times reports that he "looked forward to working with my administrative and board colleagues to support a climate of candor, transparency, accountability and mutual respect." In January 2018, Daniel Weiss as president of the museum stated that a downsized version of the original $600 million architectural expansion might be reconsidered as early as 2020 at a reduction to the $450 million level. Brodsky, the chairman of the Met, stated that after the 2017 financial setbacks, the director position would be appointed separately from the position of CEO. Following a commissioned report from the Boston Consulting Group, the interim CEO, president, and COO of the Met, Daniel Weiss, said that the Met's 2015–2017 financial setbacks were caused by "slowing revenue, rising costs, and too many projects at once." Weiss was further reported as having hired Will Manzer, formerly an executive at Perry Ellis, to help re-invigorate recently declining revenues at the museum. On April 26, Weiss stated that the budget shortfall of $15 million might require a re-assessment and increase in the museum's current admission payment policy. Weiss added that there remained concerns for a sustainable fiscal model for the Met in which city officials "have a right to a clear understanding of how we would be engaging the public, how we balance access with sustainability." In May 2017, the Met filed formal proposal to attempt to charge admission fees to out-of-state visitors. Robin Pogrebin, writing for the Times, reported that the request for out-of-state admissions would call for the re-legislation of the New York State 1893 Act