Joseph Coletti

Senior Fellow

Posts by Joseph Coletti (page 8)

  • 2019-21 House Budget: Savings Reserve

    The Savings Reserve, the state’s rainy-day fund, would increase to $1.5 billion over the biennium under the House budget proposal, though it also leaves $600 million unspent that could be available in case of an urgent need. With the recently forecast $700 million surplus, the Senate could more…
    Joseph Coletti, May 13, 2019
  • 2019-21 House Budget: Capital and Infrastructure

    One of the most confusing things about the House budget is the State Capital and Infrastructure Fund (SCIF). It makes comparing the House plan with the Governor’s plan or with spending in previous years, a challenge, but here is how the House and Cooper handle capital spending and…
    Joseph Coletti, May 13, 2019
  • 2019-21 House Budget: Appropriations and Availability

    You can read our Spotlight on the House Budget or, if you prefer tables and graphs, we have them below First, we compare appropriations and availability in the House budget with Gov. Cooper’s proposed budget. When we treat debt service similarly, we see the governor would have spent $600 million…
    Joseph Coletti, May 13, 2019
  • Tennessee chooses Medicaid recipients over federal money

    Tennessee is on the verge of seeking a block grant for Medicaid, the state-federal program that provides health coverage for children and their parents and long-term care for the elderly, blind, and disabled. The block grant would allow Tennessee to tailor Medicaid to the needs of its people, but…
    Joseph Coletti, May 8, 2019
  • Should investors care about the political giving of CEOs?

    A new working paper by Alma Cohen of Harvard, Roberto Tallarita of Harvard Law School, and Moshe Hazan and David Weiss of Tel-Aviv University finds CEOs of public companies tend to lean Republican and that public companies led by Republican CEOs tend to be less transparent in their political…
    Joseph Coletti, May 7, 2019
  • How North Carolina gained $470 million annually for transportation

    The Highway Fund and Highway Trust Fund pay the transportation needs of North Carolina. For most of their existence, these funds also transferred money to the General Fund and paid for operations of the State Highway Patrol. Bipartisan efforts since 2005 have ended these payments, meaning state government has $470…
    Joseph Coletti, May 6, 2019
  • How to compare budgets

    The State Capital and Infrastructure Fund is creating a load of confusion this budget season. The SCIF (pronounced “skiff”) was created in 2017 to wean the state from debt to pay for capital projects. Each fiscal year, 4% of General Fund tax revenue and 25% of unreserved cash from the…
    Joseph Coletti, May 1, 2019
  • House budget proposal overview

    While the House continues to work on its budget in committee and on the floor, we are analyzing what is in it. Spending would increase 3.1 percent the first year and 4.0 percent the second year, which raises questions on future sustainability, but would remain less than revenues and availability…
    Joseph Coletti, May 1, 2019