State Legislature still without plan to generate state revenue and cut deficits

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With the Special Session two days from being over, the State Legislature has still not come up with measures to cut deficits and generate revenue.

Both the House and Senate have come up with proposals, but no compromise agreement has been reached yet.

The danger of the state government shutting down ended when lawmakers approved a budget and the governor signed it, but the state is still losing a million dollars per-day, or more, under laws that they are working to fix.

The oil and gas tax bill is the only item on the agenda of the Special Session.

Both sides say they are close.

Sen. Cathy Geissel (R-Anchorage)
"These are negotiations that attempt to reach a compromise and formulate the agreed upon issues and move forward with those."

Rep. Charisse Millett (R-Anchorage)
"This falls under the classification of an urgent thing to do. We're bleeding a million dollars a day we know there's agreement general agreement amongst both bodies that this is something that we could do of the 40 sections in house bill 111, we're in agreement on 35 of those sections that's pretty great.