New York City Comptroller Alan G. Hevesi yesterday repeated his position that Mayor Rudolph Giuliani may need to make an additional $400 million in cuts to balance the city's fiscal 1995 budget.

The announcement came as part of the comptroller's review of the city's October budget modification, in which Giuliani said he closed a $1.1 billion gap in the city's fiscal 1995 budget through workforce reductions, an expanded severance program, and a reduction in health spending for city workers.

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