Government IT Spending: $61.5 Billion by 2015

Thursday Aug 5th 2010 by Staff

A new report says state and local government IT spending will grow 3.1 percent per year over the next five years.

CIO Insight: A new report from INPUT says that state and local government IT spending will continue to grow 3.1 percent annually to hit $61.5 million by 2015. IT spending in justice and public safety, transportation, budget and public finance, healthcare, education and economic development will grow even faster than IT spending as a whole.

The report also notes that this year's elections will likely affect IT budgets. "There is a natural turnover of contracts and aging legacy systems that will require investments; at the same time, a new batch of governors will probably make changes and look for ways to save money by decreasing staff and readjusting pension obligations," said INPUT's Chris Dixon. "These cost savings allow agencies to reallocate some of their funds to technology."

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