Just one day before the New York State Financial Control Board is expected to release its report on New York City's financial plan, two other fiscal monitors dropped bombshells about the budget, saying the city faces a gap of between $300 million and $700 million in fiscal 1992.

New York State Comptroller Edward V. Regan, in a report released yesterday that review New York City's four year financial plan, said the city's fiscal 1992 budget, which began July 1, "could easily fall apart in the months ahead" and there are elements in the budget that could throw it out of balance by at least $300 million.

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