New York State's budget has to be patched up again, but its competitive offering of $225 million of general obligation bonds is expected to attract aggressive bidding today.

The state's budget division projects a $689 million shortfall in fiscal 1992, which began April 1, and a $1.8 billion gap in fiscal 1993. Lawmakers in Albany and Gov. Mairio M. Cuomo are now mulling proposals to fill the gaps.

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