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$230 million revenue surplus for Maryland

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Maryland finished fiscal 2012 with a revenue surplus of roughly $230 million, but the state still faces a daunting structural deficit, Comptroller Peter Franchot announced Thursday. General fund revenues in fiscal 2012 totaled $14.3 billion, according to Franchot, exceeding the state's predictions by $229.7 million, or 1.6 percent. It's the third year in a row state revenues have exceeded...

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