The Baltimore Symphony ran a staggering deficit of $7.3 million in fiscal 2005, and expects to tally another $4.5 million in red ink this season, raising the organization’s accumulated debt total to a whopping $16.2 million. The numbers represent some of the largest deficits of any American orchestra in the last decade, even though Baltimore’s annual budget ($30 million) is considerably smaller than those of orchestras in Cleveland and Chicago, which have faced similar-sized deficits in recent years. Oh, and the musicians’ contract, which already included financial concessions meant to reduce debt, expires this September.