ANNAPOLIS, Md. (AP) - Maryland Treasurer Nancy Kopp has spoken to Gov. Martin O'Malley about a credit rating agency's concerns over the state's unresolved budget situation. Kopp talked to O'Malley during a pre-meeting of the state's Board of Public Works on Wednesday. She says a representative from Moody's Investor Services called the state on Tuesday as the credit agency warned that counties could face a downgrade in their bond ratings.
Kopp says the representative was assured Maryland will have a balanced budget before the next fiscal year, whether through a special session or cuts by the Board of Public Works. O'Malley says "there's a lot of denial right now" about the potential consequences due to the Legislature's failure to approve a revenue package in the regular session that ended last week.
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