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Finance

How government technology gets funded, and how government directs its financial resources. Also includes coverage of financial and budgeting software deployments such as ERP.

The Lexington-Fayette Urban County Council approved a record-setting $532.9 million spending plan with funds for 25 new positions. The budget also includes money for 25 license plate cameras.
In the May revision of his proposed 2024-2025 fiscal year state budget, Gov. Gavin Newsom called for $2 billion in cuts to rolling out high-speed Internet. It’s possible, he said, “to actually achieve similar goals at a lower cost.”
Procurated, a procurement marketplace for state and local agencies, has officially launched its Canary supplier review tool after a quiet debut. The company’s CEO discusses the thinking behind the product’s design.
This is the first acquisition for OpenGov since Cox Enterprises took control of the company in a February deal that valued the gov tech firm at $1.8 billion. OpenGov plans a new suite of tax and revenue products.
As suspected Wednesday, bad actors are to blame for taking computers in the state’s Bill Drafting Commission offline. The incident is further delaying production of the already-late state budget.
The procurement software vendor could soon have a bigger presence in local contracting, according to the CEO. The funding comes among other changes for companies in procurement.
The two gov tech vendors have built a large online library of public contracts. The goal is to make it easier for suppliers and public agencies to study and evaluate contracts, and craft the best deals.
A recent survey confirms that government employees are increasingly turning to online platforms like LinkedIn to vet potential vendors. A poorly optimized personal profile could cost a vendor valuable contracts.
The cloud-based software can help public agencies better align their strategic visions with capital, operational and personnel budgets. The move comes at a busy time for the rebranded gov tech vendor.
The move, made during "Sunshine Week," could help suppliers learn more about contracting trends, and citizens to keep track of procurement trends. The launch comes amid a large procurement acquisition move.