Democratic state lawmakers called for an investigation Thursday into how Indiana misplaced $320 million in tax revenue for four years.
State Rep. Scott Pelath, D-Michigan City, and state Sen. John Broden, D-South Bend, want the State Budget Committee to look into why corporate income taxes paid by electronic check were not transferred promptly into the state's General Fund, which pays for schools, roads and most state services.
They also want to know when the administration of Republican Gov. Mitch Daniels found out about the problem.
"We absolutely need to understand more than just sort of a laughing-off suggestion that this is a pleasant surprise," Pelath said. "It's a very serious mistake." . . .
"Over the past three years, people and institutions across the state have been asked to sacrifice, and now it appears that many of those sacrifices were in vain," Pelath said. "The public's confidence has to be restored."The Democratic lawmakers say only an independent audit of the misplaced funds can uncover what truly happened. In other words, they don't believe the money was misplaced inadvertently.