Candidates debate use of Indiana Toll Road lease money

| Friday, October 20, 2006

The use of proceeds from the lease of the Indiana Toll Road has become an issue in the race for state treasurer.

Democratic candidate Michael Griffin wants to put the bulk of the proceeds into an account that could generate interest revenue that could be used during the entire 75 years of the lease.

Only $500 million is currently held in trust. Griffin wants to increase that amount to $2.5 billion of the total $3.85 billion lease proceeds.

Meanwhile, his opponent, Republican Richard Mourdock, announced recently that he wants a constitutional amendment that would force Indiana to spend the current half-billion fund on roads.

The current treasurer, Tim Berry, is not running for re-election.

Comments