Marc Joffe
Senior Policy Analyst
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 focuses on municipal finances, alternative asset investments, transportation policy and federal, state and local fiscal policy.
His financial research has been published by the California State Treasurer's Office, UC Berkeley, the Mercatus Center at George Mason University, California Policy Center, The Center for Municipal Finance, 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, National Review, The Hill, and The San Jose Mercury News.
Joffe recently presented a panel paper at the APPAM 42nd Annual Fall Research Conference along with University of Texas, Dallas Associate Professor Evgenia Gorina and his Reason colleagues Anil Niraula and Jen Sidorova.
He has an MBA from New York University and an MPA from San Francisco State University.
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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.
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California Ballot Initiative Analysis: Proposition 23 (2020)
California's Proposition 23 would set new regulations for outpatient kidney dialysis clinics.
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California Ballot Initiative Analysis: Proposition 22 (2020)
California's Proposition 22 would overturn Assembly Bill 5's (2018) classification of app-based drivers as employees allowing them to be classified as independent contractors and enacts several labor policies related to app-based companies.
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California Ballot Initiative Analysis: Proposition 21 (2020)
California's Proposition 21 would expand local governments' power to use rent control measures.
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California Ballot Initiative Analysis: Proposition 19 (2020)
California's Proposition 19 would make changes to tax assessment transfers and inheritance rules.
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California Ballot Initiative Analysis: Proposition 15 (2020)
California's Proposition 15 would remove the limit on yearly property tax assessment increases for commercial properties worth more than $3 million.
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California Ballot Initiative Analysis: Proposition 14 (2020)
California's Proposition 14 would authorize $5.5 billion in state general obligation bonds to fund stem cell research.
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The Federal Budget Process Needs Structural Change
To restore fiscal sustainability while making needed investments, like rebuilding the nation's infrastructure, the federal government needs to consider structural budget changes.
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Ending the US Postal Service’s Monopolies Would Better Serve Citizens
Most of the USPS' work can now be more efficiently handled by private competitors.
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Could a Federal Loan Program Help Fix Ailing State Public Pension Plans?
Federal loans for states with failing pension systems would penalize states that have taken steps to address insolvency and are unlikely to fix the worst-off public pension plans.
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Portland’s Pension System Is Dependent on Property Values Rising
As long as the city enjoys robust property value appreciation and collects most of its tax levy, FDPR’s funding mechanism should remain sustainable.
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How Government-Mandated Gym Closures Hurt Public Health and the Economy
The state’s current approach—forcing most health clubs to stay closed—is not a healthy prescription for citizens or businesses.
