The New York State Financial Control Board, the state's fiscal monitor of New York City's finances, warned in a report released yesterday that the city still faces a budget gap of about $47 million for fiscal 1991 and strongly criticized its failure to implement a number of gap-closing measures.

The report also says circumstances may prevent the city from repeating fiscal 1991's last-minute feats of budget balancing in fiscal 1992, which begins July 1.

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