Md. tallies $184m in extra tax revenue

Maryland collected $183.7 more than expected in revenue during fiscal 2010, but the state still suffered its third-worst revenue decline in more than 40 years, officials announced Wednesday.

“[The additional revenue] is a great sense of relief for us because the figures have been truly devastating,” Maryland Comptroller Peter Franchot told the Maryland Board of Public Works. “But we would have to grow at a rate of 14 percent for four straight years to get back to where we were before this recession. … We simply have to face reality.”