After scrapping a plan to get more taxes from video lottery terminals, Puerto Rico officials must find $220 million from additional spending cuts and revenue initiatives before the end of the month to balance a proposed $9.2 billion fiscal 2011 budget.

Carlos Garcia, president of the ­Government Development Bank for Puerto Rico, said the administration’s first priority is to avoid further layoffs or new taxes to fill the $220 million gap. Fiscal 2011 begins July 1.

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