Nine weeks after a budget was due, the state Legislature of New York has passed all the major fiscal 1992 budget bills.
But the last leg of budget process, in the form of Gov. Mario M. Cuomo's objections or approvals, will not come until Friday morning. At that time, the governor said yesterday, he will announce his vetoes of portions of the budget.
While legislators have said their spending package does not exceed the $51.9 billion level proposed by the governor when he presented his executive budget in January, some state budget officials remain skeptical.
"We are still analyzing the budget and we are still trying to identify things in the budget," said one state budget official. "We doubt it is $51.9 billion, we think it went over $51.9 billion."
In his budget, Gov. Cuomo called for over $4.5 billion in cuts and over $1.5 billion in revenues to close a projected budget gap of $6.5 billion for fiscal 1992.
By state law, the budget is due April 1, the beginning of the state's fiscal year. But a deadlock over spending cuts and revenues paralyzed the budget process as lawmakers sought to undo some of the measures in the executive budget.
But Assembly Speaker Mel Miller, D-Brooklyn, said in a statement, "The budget we passed yesterday was balanced, fair and financially sound. Any doubts about the fiscal integrity of the budget are unfounded and regrettable.
"It's unfortunate that the governor, after isolating himself from the budget process for the past four weeks, has chosen this point to raise the specter of vetoes."
A spokesman for the state Senate said, "We are within the $51.9 billion and we have provided the proper mix of spending cuts and revenues to do that."
A revenue package worth $1.8 billion was approved by the state lawmakers. To raise $400 million, they supported the deferral of a scheduled personal income tax reduction for New York residents that would have lowered the top rate from 7.8% to 7%.
Another large component of the revenue bill includes $636 million in business taxes, with an increase in the petroleum business tax of 4.5 cents.
In addition, another $119 million would be gained through new and increased fees, including a rise in mandatory surcharges for traffic violations and a $5 surcharge on all parking tickets.
For the moment, officials from rating agencies said they would wait until the dust settles from the state's longest budget battle.
Vladimir Y. Stadnyk, a managing director with Standard & Poor's Corp., said, "We ar waiting for the details of the agreement and the reaction from the executive branch. Our comment on the credit will be forthcoming." The agency rates the state's GOs A.