OKLAHOMA CITY (AP) — Oklahoma legislative leaders indicated Tuesday they have no plans to pursue new revenue-raising proposals following the failure of a bill that included a $5,000 teacher pay raise, and that another round of budget cuts is likely.

The House voted 63-35 on the bill late Monday, falling 13 votes short of the three-quarters majority needed to pass a revenue-raising measure in the chamber. Republican House Speaker Charles McCall said the measure, a $581 million package of proposed tax hikes supported by a coalition of Oklahoma business and civic leaders, was the only revenue package being considered in the Legislature.

McCall's statements were echoed Tuesday by the Republican leader of the state Senate and a spokesman for GOP Gov. Mary Fallin, who said they will concentrate their efforts on balancing the budget for the fiscal year that ends June 30 with whatever funds are available.

"As the governor and House leadership said repeatedly, that was the only chance at securing new revenue to pay for a teacher pay raise and stabilize our budget," Senate President Pro Tem Mike Schulz said in a statement.