Deadline for Okla. budget deal fast approaching

OKLAHOMA CITY (AP) - Oklahoma lawmakers have just three weeks
left in the legislative session to craft a budget and either agree
on new sources of revenue or impose devastating cuts to state
Closed-door negotiations are heating up as Democratic Gov. Brad
Henry and Republican leaders in the House and Senate figure out how
to write a budget for the upcoming fiscal year with about $1.2
billion less than they had to spend last year.
All three sides say they are looking at suspending or
eliminating certain tax breaks as one way to help fill the budget
hole, but proposals by Henry to repeal two such programs were
derailed last week in the House.
Lawmakers were concerned eliminating the programs, which would
have saved the state $31 million, would have jeopardized a pending
business deal to bring new jobs to Atoka.

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