CHICAGO - The financial oversight authority for East St. Louis, Ill., late Tuesday imposed a $19.3 million fiscal 1993 budget on the beleaguered city because city officials failed to submit its budget in a timely manner.

The five-member East St. Louis Financial Advisory Authority also voted to issue a request for proposals for an accounting firm to take over the city's financial matters, citing the city's failure to adequately manage its finances, according to Earl Lazerson, the authority's chairman.

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