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Baltimore's road to financial victory
The confetti from Tuesday's Super Bowl parade was hardly cleared before Baltimore's fiscal health jolted everyone back to reality. Warning of impending "financial ruin," a new report from the advisory firm Public Financial Management tallied Baltimore's cumulative 10-year deficit at a stunning $750 million, driven largely by the city's pension and retiree health obligations.
By Christopher B. Summers
February 11, 2013