Massachusetts Gov. William F. Weld announced last week his approval of a $700 million package in revenues, cuts, and savings to balance the state's budget in fiscal 1994, beginning July 1, 1993.

Weld had said last month that the state was facing "between a $700 million and $900 million" budget shortfall in the next fiscal year. Although the governor said he was uncertain which programs will be cut, he did say that Medicaid allotments and other human service programs would suffer cutbacks.

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