Governor, GOP leaders eye revenue streams - KSWO 7News | Breaking News, Weather and Sports

Governor, GOP leaders eye revenue streams

OKLAHOMA CITY (AP) - Closed-door negotiations at the state Capitol are turning toward ideas to generate new revenue as the Democratic governor and GOP legislative leaders wrestle with a $1.2 billion gap in the state's budget.

Senate President Pro Tem Glenn Coffee says discussions are continuing with Gov. Brad Henry and House Speaker Chris Benge on how to close that hole. He says the three sides are reviewing a list of tax breaks and trying to agree on which of those incentives could be eliminated or suspended.

All three sides have said they oppose any tax increases, and Coffee says he would be a "hard sell" on a wide range of fee increases.

Henry has proposed cuts to tax incentives that could net about $82 million.

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