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Vincent Gray: $417m surplus for D.C., but no tax cuts

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Powered by hundreds of millions of dollars in unexpected revenues, the District posted a $417 million surplus in its 2012 fiscal year, but top leaders immediately said the extra cash would go to the city's savings account and not be used to cut taxes or restore services that were trimmed in previous budget cycles. "We lived within the means that we generated during the fiscal year," Mayor...

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