Joseph Coletti

Senior Fellow

Posts by Joseph Coletti (page 8)

  • Can laws change how we shop?

    What happens to retailers and service providers in the next recession? They are reliant in the Triangle on consumers who already owe $4.5 billion in credit card debt, an average of $10,000 to $16,000 per household. Until then, experiences are displacing things in storefronts. Alex Marshall starts with a North…
    Joseph Coletti, June 13, 2018
  • Revenues slow, surplus remains

    The big April boost in government revenues has been followed by a more normal May in a pattern that looks similar to what the state experienced in FY2015-16, according to the latest numbers from the Office of the State Controller. The surplus will likely not be as large as…
    Joseph Coletti, June 12, 2018
  • Cronyism’s Cost in Competitiveness

    New research continues to highlight the economic burdens imposed by big government regulations and big corporation cronyism in the US. For all the concerns about the heavy hand of Brussels on members of the European Union—and in Europe’s most competitive countries, this was a real concern—the EU has actually reduced…
    Joseph Coletti, June 12, 2018
  • Rocky Mount bets big on government

    The big gamble at the heat of Rocky Mount is it’s Event Center, on which the John Locke Foundation has considered an unwise burden for taxpayers and raised a number of questions on its financing through debt without a vote of the taxpayers, its initiation before lower property values were…
    Joseph Coletti, June 8, 2018
  • Rocky Mount taxes and spending

    Rocky Mount leaders expect the 2.5-cent property tax increase this year will be the last needed to cover their big bet on the Rocky Mount Event Center. The tax hike is the second in two years, but the first was extremely painful for city government and residents alike. Because…
    Joseph Coletti, June 7, 2018
  • About those people who earn above $200,000

    It has been four weeks since Gov. Cooper unveiled his budget, and yet he and the press continue to refer to his tax proposal as applying only to people who earn above $200,000. Only for married couples filing jointly is the income threshold as high as $200,000.The higher tax rates actually…
    Joseph Coletti, June 7, 2018
  • When is a projected deficit newsworthy?

    Last July’s headlines warned about impending deficits. A Raleigh News & Observer editorial titled, “After N.C.’s tax-cut frenzy, deficits loom,” said, “just days after the legislature approved a new $23 billion budget full of spending austerity and more tax cuts, the legislature’s nonpartisan Fiscal Research Division delivered the truth” [emphasis…
    Joseph Coletti, June 7, 2018
  • What Is Special Indebtedness and Why Is It Expensive?

    The proposed Build NC debt for road construction is not a General Obligation bond, which would require a vote of the people to pledge the full faith and credit of the state. Instead, it would be paid entirely with revenue from the gas tax, highway use tax (the sales tax on…
    Joseph Coletti, June 5, 2018