SEASON MAY BE CANCELED IN SAN DIEGO

SAN DIEGO — Raising for the first time the possibility that the entire concert season could be canceled, San Diego Symphony officials Wednesday divulged that management had overestimated its 1985-86 fund-raising projections by $2 million, leaving the symphony with an $877,000 debt.

The announcement was made in a morning press conference at Symphony Hall during which a 10-year plan for fiscal “stabilization, recovery and growth” was presented by Executive Director Wesley O. Brustad. The symphony’s board of directors approved that plan and a sharply reduced budget Tuesday. The fiscal plan also envisions a change in winter programming to include pop music along with classical fare.

With contract talks between musicians and the symphony at a stalemate, Tuesday’s approval of a $6.5-million budget--down $1.5 million from last year’s budget--gives credence to speculation that the orchestra’s winter season may be canceled. The two sides are $500,000 apart on compensation.

Last year, officials threatened bankruptcy if the community failed to rescue the fiscally weak orchestra from its indebtedness.

Brustad unveiled a 10-year plan he and his staff prepared that he says will put operations on a stable footing. He has projected that, over the next five years, the symphony will need $5.5 million to eliminate its debt.