Marc Joffe is a senior policy analyst at Reason Foundation.
After a long career in the financial industry, including a senior director role at Moody's Analytics, Joffe's research now focuses on sovereign and sub-sovereign credit risk and fiscal sustainability.
His financial research has been published by the California State Treasurer's Office, UC Berkeley, the Mercatus Center at George Mason University and the Macdonald-Laurier Institute among others. Joffe is a regular contributor to The Orange County Register and his op-eds have also appeared in The Fiscal Times, Governing and The San Jose Mercury News.
He has an MBA from New York University and an MPA from San Francisco State University.
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Census Bureau Finds State and Local Pension Contributions Come Up Short
Only 76.1 percent of surveyed pension plans paid their full actuarially determined contribution in 2019, according to Census Bureau data.
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Theme Park Closures Are Hurting State and Local Tax Revenues
Identifying ways to safely open California theme parks could boost city and state revenues and quiet calls for more federal stimulus money to offset tax losses.
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Examining How Much Money That Pension Debt Takes Away From Michigan’s Classrooms Each Year
In 2018, Detroit Public Schools spent $2,202 per student on MPSERS debt, which equals nearly 27 percent of the district's per pupil foundation grant from the state.
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Subprime Green Bonds Could Cause Headaches for Homeowners, Investors and Local Governments
Green energy loans, used by homeowners to finance things like solar panels and roof replacements, are reminiscent of the subprime mortgages that led to the Great Recession.
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California’s Economic Recovery Efforts Could Be Hurt By More Tax Increases
Proposals to implement a wealth tax and increase the state's top marginal tax rate seem especially ill-advised right now.
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As Gov. Newsom Urges Vigilance, California Should Adjust Coronavirus Shutdown Rules
Another strict lockdown would be too much for many businesses to bear, causing more to close permanently and destroying thousands of jobs in the process.
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Governments Fail to Meet Deadlines For Audited Financial Statements
Governments that issue debt securities and receive federal funds owe it to taxpayers to account for their finances in a timely manner.
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The Implications of California Governor’s Plan to Eliminate Gasoline-Powered Cars
A rapid move away from gasoline-powered cars raises many practical concerns, including how the state would pay for road maintenance.
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Transit Agencies Have At Least $49 Billion in Retirement Debt And Shouldn’t Be Bailed Out
A review of 30 large transit operators shows they have aggregate unfunded pension liabilities of $31 billion and other post-employment benefits liabilities of $18 billion.