Shame on the Senate! A proposal w non specific budget cuts is more of a political statement than a budget! The state has already made significant cuts and while we must continue to look for efficiency and cuts in state spending, it's unrealistic to think the budget can be balanced w cuts and no new sources of revenue. Lower income and those on fixed income have already sacrificed through the reduced dividend. It's only fair that those w higher incomes contribute to the solution. 
Also, I did not see anything in the Senate proposal RE cutting oil tax credits. The current oil tax credit system has been a windfall for big oil while failing to encourage smaller independents. We need to encourage production by independents to explore and produce, it's insane for the state to pay more for our limited oil resource to be developed than we receive in royalties!