Kentucky Gov. Steve Beshear said last week that the state closed fiscal 2011 with a $156.8 million general fund surplus due to the strength of positive revenues that exceeded budgeted levels.

More than 75% of the surplus, or $121.8 million, will be deposited into the budget reserve trust fund. It is the largest deposit in the rainy-day fund from an end-of-year surplus in state history, Beshear said.

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