Finance

Friday's bankruptcy filing by FTX, one of the largest purveyors of bitcoin and other cryptocurrencies, has embarrassed some of the world's leading investment firms, besides hurting individual speculators.

The Washington city first began talks of implementing body cameras and in-car dashboard cameras back in 2015, but funding to make it happen wasn’t approved until last year. Officers began wearing the devices Oct. 31.

The Daviess County Council has voted in favor of an update to its public safety radio system after encountering problems and service gaps. The fix will cost nearly $73,000 and will require all new equipment.

The Mercer County Commission allocated money the day after Election Day to replace the county's voting machines with a new system. The funding comes from the American Rescue Plan and Coal Severance Tax.

The Joplin City Council has hired a consultant to sort through 16 proposals from Internet service providers interested in developing broadband service. Certain parts of the city have little to no Internet service, officials say.

Jeff Cook, managing director at Shea & Company, shares his perspective on the record level of gov tech market investment activity and the role of capital in accelerating public-sector innovation.

The $50 million in ARPA funding, which is exclusively for digital equity activities, is meant to help address those issues. The funding has to be fully committed by the end of 2024 and fully spent by the end of 2026.

A new Tyler acquisition and a Paya product redesign demonstrate how digital transactions can fuel growth in gov tech. Utility bills are just one part of the payments proposition for state and local agencies.

Auditors for the Port of South Louisiana say damages from the 2021 cyber attack totaled more than $420,000 in misappropriated funds. Only around $250,000 was recuperated through insurance.

The Gloucester City Council has approved a $2.15 million loan to upgrade the seaport's information technology infrastructure. The work will include an update of the production data center that houses all city applications.

In the recently released 2022 Invest in What Works State Standard of Excellence analysis, eight leading states were recognized for their work with data and evidence to guide policymaking decisions.

The five-year-old company said it served 35 local governments, helping them buy fireworks, IT systems and even sonography services for cemeteries. The Gov Tech 100 firm recently partnered with CentralSquare Technologies.

The 2023-2024 draft budget for the city of Walla Walla covers a range of operational expenditures, but lacks funding for police body cameras. The City Council is likely to reconsider the issue before finalizing the budget.

County commissioners listened to a request for broadband funding from the ConnEctor task force that would help establish a nonprofit connector broadband office to better serve Internet access to residents.

The federal funding is expected to connect 67,857 households and businesses to high-speed Internet, covering 23 percent of locations in the state without access to adequate service, according to officials.

At the State of GovTech 2022 conference in Virginia, investors detail how the industry is growing and changing, how entrepreneurs can make money in the industry and how chances for innovation are still wide open.

County commissioners this week authorized the staff to pursue a $75,000 state alternative fuels incentive grant. The money will be used to offset the cost to replace fuel-burning fleet vehicles with electric models.

Cook County, Ill., is using a technology platform created collaboratively through a partnership with GiveDirectly and AidKit to distribute guaranteed incomes to more than 3,200 residents in need.