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Wednesday, November 16, 2005

Input: IT spending on state, local tax systems to rise

State and local governments will be spending more money developing their taxation, revenue and collection information systems in the next five years, according to a new report by a research analysis firm.

Based on recent spending trends and contract activity, Reston, Va.-based Input forecasts that the market will grow from about $550 million in fiscal 2006 to about $755 million by fiscal 2010 at a compounded annual growth rate of 8.3 percent.

Although such systems represent a small proportion of total information technology budgets, state and local governments are focusing more on financial management and projects to improve financial performance, the report indicates.

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