No deal yet as Texas budget negotiators huddle

May 19, 2011 6:01:33 PM PDT
The Texas Legislature has reached agreement on public school funding but is still hammering out a deal on higher education.

Marathon talks throughout Thursday included leading members of the House and Senate. The House had proposed cutting $7.8 billion, but in the end they agreed on the Senate version which only cuts $4 billion from public schools.

The only matter that remains is higher education. Earlier, Gov. Rick Perry had recommended cutting $1 billion from higher education in order to better fund public schools.