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State collects $314M more than it expected in fiscal ’11

Maryland took in $314 million more than it expected to in fiscal 2011, driven mostly by larger than anticipated individual income tax receipts, according to figures released by the comptroller’s office Thursday. The state was left with a balance of about $400 million after $13.54 billion came into the state’s general fund. Revenues grew 7.5 percent, ...

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