House and Senate reach agreement on early action savings bill

The House and Senate today reached agreement on an early action savings bill that cuts an additional $242 million from the state's budget.

You can read about it in the Olympian here or check out the Senate's summary of the budget agreement. A three-page summary comparing the budget agreement with original proposals from the House, Senate and Governor is here.

The budget bill is being written up tonight and should be finished tomorrow morning. The House expects to vote on it Friday.

UPDATE: The budget bill is now available online.