Gov. Mary Fallin announced this week that Oklahoma will face a revenue failure during the current fiscal year. At the same time, Republican lawmakers are backing away from one of Fallin’s proposals to bring more revenue into the state - a $1.50 tax increase on cigarettes. The state will not bring in as much individual income, corporate income and sales tax collections this fiscal year as the state equalization board had budgeted for. This revenue failure will result in a 0.7 percent mid-year cut