Finance

Ahead of a planned July issuance, talks continue on digital asset integration. The tokens, often called stablecoins, are a kind of digital currency, but are considered much less volatile than forms of crypto.

Gov. Gavin Newsom’s revised 2025-2026 fiscal year state budget proposal has some General Fund reductions for agencies from the previous fiscal year. It would also provide additional funding for some tech projects.

Plus, New York announced grants through its ConnectALL initiative, Albuquerque halted a fiber installation initiative after resident complaints, broadband legislation to support rural providers emerged, and more.

President Donald Trump has called for ending the Digital Equity Act, which Congress passed as part of the Bipartisan Infrastructure Law, referring to it as unconstitutional. Advocates respond and examine what that could mean.

The National Association of State Chief Information Officers held their 2025 Midyear Conference this past week in Philadelphia. Here are some trends, highlights and insights.

Mayor Karen Bass’ proposed 2025-26 budget would include layoffs and eliminate vacant positions, in an effort to address an $800 million deficit. It would also significantly affect the city’s Information Technology Agency.

Plus, New Jersey has launched a new grant program, a small California city has begun building its fiber network, a new report assesses federal broadband data gaps that could impact reaching universal connectivity, and more.

The City Commission has approved a proposal inviting officials from the new Florida state Department of Governmental Efficiency task force to assist the city in finding government misspending.

As Tyler Technologies reported a 10 percent revenue bump in Q1, its CEO addressed DOGE, tariffs and economic uncertainty. So far, not much damage — and there might be a bright side, he said.

Markets around the world have been reactive to recent U.S. tariff announcements and rollbacks. State officials are concerned trade friction with other nations could lead to equipment shortages and contract turbulence.

The Common Vulnerabilities and Exposures Program will continue operating with an 11-month continuation of its federal contract. It will ultimately transition to the newly launched CVE Foundation.

The state’s budget for fiscal year 2026 includes a new 3 percent taxation on information technology and data services. Officials said it aims to fill tax structure gaps as the market sees a shift from products to services.

The procurement platform, fresh off a seed funding round, will work with two other organizations to expand local government access to cooperative contracts. The Texas-based company is eyeing national expansion.

Plus, New York announced $50 million for broadband infrastructure, Philadelphia has launched a tool to find free Wi-Fi in the city, federal broadband legislation has been introduced, and more.

Procurement is growing up, adopting AI technology and other features as public agencies seek to get more for their money. Euna’s newest feature seeks to centralize procurement while reducing compliance risk.

A Government Technology tracker of the evolving landscape of state government efficiency initiatives, distinguishing between those directly inspired by federal DOGE directives and independent programs.

The private equity firm, run by a former Florida politician and his brothers, had previously raised $355 million. The fresh capital underscores the sector’s increasing role in gov tech.

The financial advisory firm Curinos tapped the University of Washington and its innovation hub to support early-stage financial tech companies working in predictive decision-making, AI automation and customer experience.