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
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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