Alva Review-Courier -

OKLAHOMA CITY (AP) — Republican leaders in Oklahoma are reconsidering whether to keep an income tax cut that could be triggered as early as next year.

Their decision comes at a time when the state has a budget hole of nearly $870 million and declining revenue collections.

The trigger for the individual income tax rate cut from 5 percent to 4.85 percent is when tax collections increase by about $100 million annually — enough to cover the cost of the tax cut.

The average savings per tax return would be about $56, according to the Oklahoma Tax Commission, but cost the state about $97.8 million in...