ATLANTA -- Mississippi is scrambling to impose last-minute spending cuts of almost $35 million -- or about 2% of its $2 billion budget -- to close fiscal year 1991 in the black, the state's finance director said yesterday.

With revenues from some taxes sagging, the cuts are necessary for the state to avoid ending the fiscal year on Sunday with a general fund deficit, said Edward Ranck, executive director of the department of finance and administration. Mr. Ranck estimated that by June 30 the state will have accumulated a revenue deficit of about $105 million.

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