“Fiscal Democracy,” Autopilot Spending, And Pension Underfunding: A New Report
What is “autopilot spending”? According to a new report by the Urban Institute, “Fiscal Democracy in the States: How Much Spending on Autopilot?“, this is spending that “is determined before governors propose or lawmakers negotiate a budget.” And according to their analysis, based on a high- and low-end estimate (that is, varying definitions of what parts of the budget are “restricted”),
As…