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Maryland faces $1b budget shortfall as revenue slows

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ANNAPOLIS -- Maryland budget officials predicted a $1 billion budget shortfall for the coming fiscal year as they painted a bleak economic outlook amid slower-than-expected growth.   The $1 billion hole in the state's $34 billion budget for fiscal 2013 is a stark difference from the $990 million surplus at the end of last fiscal year and the predicted $96 million surplus at the end of...

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