The orchestra's total budget was $56.1 million.
Executive director Brent Assink told the paper that the deficit was the result of slower rates of growth of revenue from ticket sales and fundraising, as well as a decrease in income from the orchestra's endowment.
The SFS posted a surplus a year ago, but said at the time that it expected to come up short for 2004-05. According to the Chronicle, the orchestra expects another deficit in 2005-06 followed by a balanced budget in 2006-07. Classical Music