Circling the Statehouse / As Federal Spending Tightens, Contractors Seek Out New Clients
Source: By Renae Merle and Griff Witte, Washington Post, Monday, October 23, 2006
…… At a time when federal spending is slowing , state and local governments -- flush with cash from rising property-tax revenue and a generally healthy national economy -- are an increasingly juicy target for government contractors. Many have flocked to the state and local market after years on the sidelines, following the money being poured into information-technology projects ranging from humdrum computer system upgrades to innovative wireless networks. Spending by state and local governments on such projects is projected to reach $54.96 billion in 2008, up from $44.24 billion last year, according to Gartner Inc., a research firm.