Governor Kitzhaber and legislative leaders have reached agreement on a framework for cuts to the public pension system and new tax revenues.

Alex Pulaski with the Oregon School Boards Association is cautiously optimistic.

"We're not there yet, but we feel we're close to being there.  The Governor spent a lot of energy on this.  And it is the single biggest fiscal issue facing school boards across the state."

The special session is scheduled for Monday September 30th.

The framework hopes to get more than 140 million for K-12 schools and higher education and  244 million in new revenue with relief for business and agricultural exporters.