Finance

The newest fund from Veritas raised 35 percent more capital than the previous fund, which closed in 2022. The news comes amid a robust time for investment and mergers in government technology.

A month after a ransomware attack hit Minnesota's capital city, Mayor Melvin Carter is proposing a $1 million cyber investment. Still, the IT department is set to receive less new spending than many other departments.

The new virtual assistant uses artificial intelligence to respond to tax queries. The state Department of Tax and Fee Administration hopes it can eliminate the need to shift workers when call volumes spike.

The seller of software for local governments and school districts has launched three AI tools to assist in various budget processes. The company’s CEO discusses the move and where AI is headed.

It’s been a busy summer for the business of government technology, and the deals are not over. Gravity focuses on budgeting and compliance while coUrbanize’s specialty is community engagement.

A tech vendor helped the city score and peer-review data points, with artificial intelligence ultimately finding ways to save between $19.4 million and $28.4 million. Officials have already taken steps to cut costs.

With its release, the state aims to enable secure, efficient digital payments. The Wyoming Stable Token Commission has said it is the first blockchain-based stable token issued by a U.S. public entity.

L.A. CIO Ted Ross and L.A. County CIO Peter Loo talked about the financial realities their organizations face, at the Los Angeles Digital Government Summit. Real-world solutions to real-world problems, they said, are key.

The procurement software company, bought by KKR in 2024, also sold six business units with duties outside the gov tech space. Tom Spengler, a gov tech veteran and the new SOVRA leader, discusses the changes.

An audit and a deep dive on software redundancies helped officials realize the savings, part of a much larger initiative. The city’s strategic plan on various efficiency efforts saved a combined total of more than $116 million.

Plus, a U.S. senator is calling on Arielle Roth to fund NTIA programs as Congress authorized, federal broadband legislation could create more accountability, Kansas is investing in digital literacy training, and more.

The county’s 2026 preliminary budget, which got a first look Tuesday, represents a $37 million increase over 2025. Priorities included cybersecurity and IT — which rose from $19 million to $39 million.

An analysis of the One Big Beautiful Bill Act finds that state and local governments will likely need to focus on compliance and innovation to meet the new mandates, many of them unfunded.

CoreTrust, which launched about two decades ago and serves multiple markets, is expanding its public-sector business. The new deals with two of the largest U.S. cities focus on cooperative contracts.

The project, a collaboration between the North Central Texas Council of Governments' TXShare arm, the Alliance for Innovation and Civic Marketplace, provides an AI tech purchasing platform with already vetted vendors.

Plus, all 56 states and territories get approval to start the “bargain” round of the Broadband Equity, Access and Deployment program, a new endeavor intends to teach Detroit high schoolers AI skills, and more.

The state’s most populous county has launched a $30 million, voter-approved investment in child-care workers. Tech plays a central role in the process by enabling equitable cash distribution at scale.

The research and advisory firm Info-Tech Research Group developed a road map tool to guide higher education IT leaders through cost optimization strategy, communication and implementation.