Indiana budget leaders get outlook on fiscal health

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There's an update on the state's fiscal health.

Members of the State Budget Committee planned to meet Wednesday to hear how well tax collections are expected to do in the coming year.

Month-to-month collections have improved as Indiana has crawled out of the Great Recession. But State Budget Director Adam Horst has cautioned that analysts hired by the state foresee gloomier months ahead.

Meanwhile, the panel's Democrats say they will press for an independent audit of the Indiana Department of Revenue after it misplaced $320 million.

Gov. Mitch Daniels has relied on a mix of budget cuts and improved tax collections to stow away $1.2 billion. Democrats have requested that money and the $320 million go to restore cuts to education and other services.

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