Joseph Coletti

Senior Fellow

Posts by Joseph Coletti (page 8)

  • State Department of Transportation hit by storm and state constitution

    North Carolina’s Department of Transportation announced it is reviewing up to 1,000 temporary and contract jobs for temporary layoffs, the Raleigh News & Observer reports. Those positions are vulnerable, in part, because NCDOT has paid $675 million over the past three years responding to storm damage. Compensation for decades…
    Joseph Coletti, August 14, 2019
  • House Democrats close budget chapter

    House Democrats effectively shut the door on a veto override, and with it a new budget agreement for the fiscal year, yesterday. All but four of them signed a commitment letter to uphold Gov. Roy Cooper’s veto. Unless three more decommit or are not present, Republicans will be short of…
    Joseph Coletti, August 8, 2019
  • Alcohol for the public good

    A letter writer to the Hendersonville Times-News worries that private liquor sales would eliminate “profits for public advantage” and put personal profits ahead of the “control and prevention of underage drinking.” Alcoholic Beverage Control managers, however, seek personal profits just as much as a private business would. The current system…
    Joseph Coletti, August 7, 2019
  • Want a good way to tax wealth and capital income?

    Wealth taxes and estate taxes are taxes on the virtue of saving. And nobody has found a good way to implement such a tax. Ten European countries, including France, Germany, and Sweden have repealed wealth taxes. India also repealed its wealth tax, first enacted in 1957, in 2015. Chris Edwards, in…
    Joseph Coletti, August 2, 2019
  • Budget 2019: What about North Carolina’s AAA credit rating?

    “We might need a rating agency to threaten [North Carolina’s AAA bond rating] for us to see both sides return to the table in earnest.” Zagros Madjd-Sadjadi, an economics professor at Winston-Salem State University, told the Winston-Salem Journal. This begs the question: What about current spending threatens North Carolina’s…
    Joseph Coletti, July 31, 2019
  • Pension funding assumptions

    North Carolina had the sixth-best funded pension for state employees and teachers in the country in 2017, according to the Pew Charitable Trusts. Past and present state leaders deserve credit for regularly setting aside enough money to meet those pension obligations. The pension system also holds up well in…
    Joseph Coletti, July 18, 2019
  • Cooper’s claimed compromise

    Gov. Roy Cooper offered a budget counteroffer that would be hard to classify as a compromise. It still includes Medicaid expansion, a $3.5 billion bond (10% less than his original $3.9 billion plan), rejects a franchise tax reduction, and refuses to expand the number of Opportunity Scholarships. The proposal…
    Joseph Coletti, July 9, 2019
  • Costs of Medicaid Expansion

    When a politician starts talking about free things, you know to check your wallet. Medicaid expansion, in all its varieties, is no different. It would add $4.2 billion to state spending in fiscal year 2020-21, a 27 percent increase over Medicaid without expansion, and 7.4 percent more than total state…
    Joseph Coletti, July 8, 2019