New York's budget is balanced, and the way is finally clear for the state to sell $3.9 billion of notes so cash-trapped localities can receive badly needed aid, the state comptroller says.

After reviewing the state's fiscal 1992 budget, which included Gov. Mario M. Cuomo's $940 million in veto-imposed spending cuts, Comptroller Edward V. Regan announced on Monday evening that the spending plan was balanced.

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