Despite the deficit, the orchestra has reduced its accumulated debt from $9.8 million to $9.5 million, thanks to a number of major gifts to a $15 million campaign to retire the debt.
The MSO also announced that single-ticket sales are up 23 percent in the first three months of the 2005-06 season. The orchestra boosted single-ticket sales by 20 percent in 2004-05.
Lileana Blain-Cruz directs the new production, opening April 23.
The Cuban-born composer is this season's Debs Composer's Chair.
The cast is led by Bryonha Marie and Nathan Gunn, with Tony winner Ted Sperling at the baton.
The season, opening September 21, will include 58 ballets across 21 weeks of performances.
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