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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