Fiscal Crisis To Cut $30 Bil In IT Spending

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The ongoing U.S. economic crisis will trim $30 billion in cumulative information technology spending over the next five years, according to a recent report by consulting firm INPUT. This will come as states and localities try to come up with roughly $250 billion in new revenue and spending cuts to align budgets to the levels that preceded the multi-year real estate boom that ended in 2007. INPUT estimates the compound annual growth rate for the state and local IT market has slid to 4.3 percent from the 6.4 percent.


Fiscal Crisis To Cut $30 Bil In IT Spending