On the last regular day to raise revenue increases, begins at the state capitol, Budget & Appropriations Chair, Senator Clark Jolley, is faced with a House amendment to his plan for closing the budget deficit by over $100 million.
Yesterday, Rep. Ownbey of Ada successfully amended the Oil & Gas credit for at-risk wells, while the bill was on the House floor. This will continue to keep $25 million flowing to the assistance of the petroleum industry.
There will be a Senate vote again, on the bill with the amended house language. It is likely that the bill will end up in a joint House/Senate conference for further negotiating.
The Senate is likely to try to meet over the weekend, because beginning Monday, the legislature is banned from voting to raise any more revenue for the rest of the final week (which concludes on next Friday.
Watch the Senate proceedings at: http://oksenate.gov/livechamber.htm