For those who specialize in work for state and local governments, it can be unsettling to read headlines announcing teacher layoffs in Chicago or bankruptcy in Detroit.
However, the big picture for local governments and school districts is looking much brighter.
Deltek’s growth forecast for state and local consumption of information technology goods and services improved this year to 3.2 percent, with the total market expected to grow from $58.5 billion in 2013 to $68.6 billion in 2018.
One of the best annual market indicators is a review of the governors’ State of the State addresses.
This year, we found governors restoring K-12 education funding and promising to rein in tuition at public universities.
Governors also called for innovative ways to reduce correctional spending and improve health care and social services. All of these goals must be supported by technology investments.
Keep reading this article at: http://www.washingtonpost.com/business/capitalbusiness/contractors-should-watch-state-and-local-spending-trends/2013/08/02/49101f54-f621-11e2-9434-60440856fadf_story.html