Joseph Coletti

We hear a lot about the need to return spending to pre-recession levels. And spending grew a lot just before the recession. The budget grew 8.9% in fiscal year 2006-07 and another 9.0% in fiscal year 2007-08. What doesn’t get mentioned is that the Democratic General Assembly and Democratic Gov.

Did you hear the one about the nineteen billionaires who loved their wealth so much they could not voluntarily part with it? George Soros, his son, one unnamed person and 16 others signed a letter claiming they “believe it is our duty to step up and support a wealth…

Since 2013, the number of government job postings has increased 11% but the number of applicants has fallen 35%. A recent report the National Association of State Chief Admistrators considers why this is and what governments can do to attract more people. Job applicants see government work as safe…

James Lileks writes with more style and humor than just about anyone. He’s one of those writers other writers quote and say “I wish I had written that” —literally. He recently made more astute observations than I could about the lack of brio among car salesmen. Not that…

The Senate budget incorporates the surprisingly large revenues from the current fiscal year that ends June 30 and higher forecast revenue for FY2019-20, but appropriates no more for operating expenses than the House did (Figure 1). Senate budget writers devote $397 million the first year and $713 million the second…

Yesterday, the governor’s Office of State Budget and Management and the General Assembly’s Fiscal Research Division released their latest consensus forecast, which includes the truly surprising April tax collections. Earlier reports suggested the revenue could be as much as $700 million higher than originally forecast. The final estimate is…

The House increases spending faster than the pace since 2011, and prepares for more demands next fiscal year in education and Medicaid, but Gov. Cooper expects much slower spending growth than he has proposed in any of his first three budgets (3.0% vs 4.9% / 5.0% / 5.6%). Even with…

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…