Joseph Coletti

Senior Fellow, Fiscal Studies

Posts by Joseph Coletti (page 5)

  • General Assembly pegs first $1.6 billion of $3.5 billion Coronavirus Relief Fund

    The General Assembly was in session Wednesday through Saturday to begin appropriating money from the CARES Act. They’ll be back May 18 to possibly distribute more of the $3.5 billion slated for state government from the Coronavirus Relief Fund. Another $500 million will go directly to Wake County, Mecklenburg County and…
    Joseph Coletti, May 4, 2020
  • Quick comparison of Conference Report with House and Senate

    House and Senate negotiators ended up with a bill that appropriates $1.6 billion of the $3.5 billion the state will receive from the CARES Act’s Coronavirus Relief Fund. The attached spreadsheet provides a side-by-side comparison of the conference bill with previous versions and the John Locke Foundation’s “reverse logrolling” tool,…
    Joseph Coletti, May 2, 2020
  • Federal Coronavirus Relief: spend less now to have some available later

    Money from the federal Coronavirus Relief Fund CARES Act is best held in reserve until we have a clear understanding of how much tax revenue falls, what needs are still left unaddressed by other sources of federal funds, how Gov. Cooper will cut unessential spending, and the flexibility North Carolina…
    Joseph Coletti, April 29, 2020
  • Irresponsible Pandemic Budgeting

    I hoped, when Gov. Cooper declared a public health emergency March 14, that he was also planning ways to reduce spending to offset some of the lost sales and income tax revenue. I kept hoping as scores of progressive groups called for higher taxes and the depletion of the state’s…
    Joseph Coletti, April 27, 2020
  • State surplus shrinks $500 million in March

    The March General Fund Monthly Report from the Office of the State Controller is out. Hats off to the staff there for turning the report around so quickly to provide critical information to decision makers. Sales tax revenues are lower than the prior year for the first time since…
    Joseph Coletti, April 9, 2020
  • State revenues are getting hammered

    Tax revenues are falling for states and local governments across the country. The Atlantic wonders, “Will the coronavirus bankrupt cities?” Pew provides numerous examples of how state taxes are getting slammed: Hawaii officials have estimated a $225 million decline; in New York, it’s a whopping…
    Joseph Coletti, April 3, 2020
  • How far will your federal coronavirus payment go?

    For some people, there is never enough money. A writer for a policy group on the left grouses this time about the paltriness of federal payments to taxpayers by deliberately understating the amount of money a family could receive and overstating the costs to be borne. Some money is better…
    Joseph Coletti, March 30, 2020
  • True facts about public health spending and Coronavirus

    There has been no Republican war against public health spending either in North Carolina or in Washington, DC. Reposting here a portion of my comments from March 16 to help set the record straight A progressive advocacy group recently claimed that public health funding was cut by 28% because of…
    Joseph Coletti, March 25, 2020