House Speaker Dean Cannon announced Tuesday afternoon that negotiators from both sides of the Capitol have reached a key agreement on allocations – the basic framework of the budget – and that conference meetings would start Tuesday evening. The announcement came after frustrations just a few hours earlier about the inability to agree on the allocations that had had some talking about the possibility of an overtime session. House Appropriations Chairwoman Denise Grimsley, R-Sebring, said earlier in the day that she and Senate Budget Chairman JD Alexander, R-Lake Wales, had little discussion Monday. “Yesterday was just nothing, essentially nothing,” Grimsley said. “I don’t quite know what to make of that.” Allocations are a crucial first step in budget negotiations, as they determine how much money each major section of the budget will receive. Alexander said earlier that the chambers had been at impasse over higher education cuts. Specifically, the Senate has proposed $300 million in non-recurring cuts. The House position is also to cut $300 million in higher education, but $200 million of that would be recurring cuts. “I don’t think you would be comfortable with that level of recurring cuts,” Alexander told members Tuesday.