New York State Gov.-elect George Pataki could face a budget gap of as much as $4 billion in fiscal 1996, complicating his ability to deliver on a campaign promise to cut taxes by 25% over the next four years, municipal market analysts say.

State officials confirmed yesterday that the gap for fiscal 1996, which begins April 1, 1995, could be as high as $4 billion. State budget division spokeswoman Claudia Hutton said the fiscal 1995 budget remains in balance. She would not comment on fiscal 1996.

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