INDIANAPOLIS — Indiana Gov. Mitch Daniels is set to release preliminary results on the end of the state's fiscal year during which his administration disclosed it lost track of more than $500 million in tax revenues.
Daniels is to discuss the state's budget condition during a news conference at the Statehouse on Tuesday, just a couple days after the June 30 end of its fiscal year.
The State Budget Committee is preparing to hire an external auditor to look at how the tax money was mishandled.
The review follows the December disclosure that $320 million in corporate tax money collected over several years hadn't been properly deposited in the state's general fund. State officials then announced in April that $206 million in local income tax revenue wasn't properly distributed to counties.