Hoping to craft a compromise bankruptcy recovery plan before the state Legislature reconvenes next week, the Orange County Business Council is holding a series of meetings with representatives of the county, cities and special districts.
Todd Nicholson, president of the business group, said negotiations have been "candid and forthright" but that no agreement has been reached.
"It's too early for that, but I think we are making some headway," Nicholson said.
"I'm personally hopeful that we can see some things resolved."
The county wants to have a recovery strategy in place by next week so the Legislature can pass the special provisions needed to implement the plan.
On Tuesday, the Board of Supervisors approved six scenarios that would involve taking tax revenue from cities, special districts and the Orange County Transportation Authority.