It’s important to stay up-to-date on the nationwide trends for revenue and state spending. These trends affect the resources available for you to do your work and the long-term financial health of your state. 2019 marks the ninth consecutive year of moderate growth in both state spending and revenue growth according to currently enacted budgets. General fund spending for 2019 grew by 5.8 percent when compared to general fund spending in 2018. This increased general fund spending is followed by a projected 4 percent growth in general fund revenues for 2020 with a 3.7 percent increase in projected general fund spending based on proposed governor budgets. Let’s examine the current and projected financial situation of states further.
What do you picture when someone says, “Oh! Here is a resource for you!”? Traditionally, most people imagine a tangible, physical item. But resources can take many forms, and often the most helpful resource isn’t books or paper, but people. Read more “NASPO’s Strategic Partnerships Shape a Strategic Future”
Centralization and strategic leadership continue to be focus areas for state procurement offices around the country in the new year. This article recaps key takeaways from the 2018 NASPO Annual Conference townhall session on the leading role of the state central procurement office and three existing procurement authority models: centralized, decentralized/delegated and the hybrid procurement authority models. All three models create efficiencies and savings for the state. However, the centralized procurement authority model maximizes resources and outcomes while providing increased oversight, accountability and consistent application of standards and policies statewide.
Continue reading if you are a public procurement leader looking to improve your strategy in 2019!