The New York State Financial Control Board said New York City is not in immediate danger of a takeover by the board, but it plans to step up its scrutiny of the city's budget and to meet quarter instead of annually.

At a formal annual meeting yesterday, which was called earlier in July than usual, the panel discussed assuming a more active role in reviewing and commenting on the city's budget. The board was created during the city's fiscal crisis of the mid-1970s to take over the city's finances, but since June 1986 has only prepared reports to review the city's fiscal plans.

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