CHICAGO - East St. Louis, Ill., has two weeks to submit a revised fiscal 1994 budget after a financial oversight authority rejected the city's proposed $24 million budget.

R. Bruce Patterson, the executive director of the East St. Louis Financial Advisory Authority, said the troubled city was directed to revise the budget because of inadequate expenditure and revenue projections. The city's 1994 fiscal year begins on Jan. 1.

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