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The Scoop

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State discovers another accounting error

House Speaker Brian Bosma, R-Indianapolis, and Senate Pro Tem David Long, R- Fort Wayne, issued the following joint statement Thursday regarding the programming error announcement by Department of Revenue and the Office of Management and Budget:

STATEHOUSE (April 5, 2012) – “We have been informed by the Administration of the discovery of an additional reporting error related to the distribution of local option income taxes to local units of government. Based on this newest report, we believe that an independent audit jointly selected and retained by the Administration and the State Budget Committee is in the best interest of all Hoosiers. Joint engagement of an independent auditing firm will allow the Administration and legislative leaders of both parties to have full access to the results of the audit and provide the most transparent opportunity to confirm accountability for all public funds.

“We expect to work in cooperation with the Department of Revenue and the Governor’s Office with the intent that a preliminary report be provided by early September to the State Budget Committee and legislative leaders with an update between the filing of the report and when the final audit is released.

“We appreciate that the Administration is taking the necessary steps to make the local units whole, but we need to move forward at this time with an independent audit that is transparent, thorough and done in a bipartisan fashion.”

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