Extra cash may go to schools, victims

Associated Press

Updated: Feb 16, 2012 7:25 AM

INDIANAPOLIS (AP) — The Indiana Senate is considering how to use some of the $320 million in tax revenue that state officials lost track of after collecting it.

A proposal approved by the House last month would give $80 million to school districts toward the cost of full-day kindergarten and direct an additional $5 million to victims of last summer's Indiana State Fair stage collapse. The Senate Appropriations Committee has a public hearing on the bill set for Thursday.

The state has distributed $5 million among the families of the seven people killed and those hurt in the collapse. That $5 million is the state's liability cap.

State workers last year discovered $320 million in corporate taxes that were collected over four years but not transferred to the state's general fund.

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