Tag: Spend Analytics

Technology & IT Procurement

The State of Cybersecurity: 3 Bold Plays for Change

In March 2018, the city of Atlanta suffered a ransomware attack that compromised the data of their employees and anyone who conducted business with the state and ended costing $2.6 million in emergency contract efforts[1]. When Louisiana was attacked in November of 2019, 10% of the state’s servers were infiltrated and some 1,500 computers were damaged.  These examples demonstrate cybersecurity should be a top priority for procurement officers to protect the sensitive information of both vendors and staff. Understanding the issues and goals of your state Chief Information Security Officer (CISO) can pave the road toward a more productive working relationship and allow procurement officers to address increasing cybersecurity threats as partners.

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NASPO Events & Education

To Growth and Beyond: NASBO Fiscal Survey of States

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.

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Data Analytics

Keeping up with the Economy: Local Economic Multipliers

Approximately 30 states have adopted preferences for small or local businesses and 37 states also have “reciprocal laws” which add a percentage increase to out of state bidder’s proposal when compared to in-state bids. These local preferences can have a significant impact to a state’s economy. Purchasing in-state will not only increase a state’s revenue through sales and other taxes, but also have a broader impact on the local economy through the multiplier effect. Read more “Keeping up with the Economy: Local Economic Multipliers” →