With the clock still ticking toward a partial government shutdown, House and Senate negotiators reached agreement on an eight-point-seven Billion dollar funding bill for K-12 education early this morning. The bill would increase spending for schools by slightly more than the inflation rate for each of the next two years. It also contains a provison designed to ensure that school districts base their teacher contracts on the actual amount of money they receive from the state. Meanwhile, the House and Senate are scheduled to vote on a major property tax overhaul later today. But obstacles remain in other areas of the state's two-year budget. Lawmakers say it will take at least another day before they can complete their work. Administration officials say that brings the state uncomfortably close to a shutdown. Minnesota Public Radio's Michael Khoo reports.