Having not yet reached an agreement with New York State lawmakers on a multiyear gap closing plan, Gov. Mario M. Cuomo yesterday instead proposed a plan just to close a now projected $875 million fiscal 1992 budget gap through spending cuts and a $95 million deficit note sale, with no new taxes.
Under the plan, local governments around the state will have to brace themselves for even further cuts in state aid. New York City, for example, is now facing at least a $110 million gap in its 1992 budget, which began July 1, a city official said yesterday. The city recently proposed a plan to close a $210 million gap.