Finance

We all want to live in smart cities, but are we willing to pay higher taxes to build them? City planners charged with moving municipalities into the digital age say there are several sources of funding available, but without some kind of "smart city tax" the projects that do get financed may not be sustainable.

The purpose of this guide is to help elected and senior government officials understand how public procurement can help achieve their goals or get their entity into trouble. Written from the perspective of a seasoned public official mentoring other executives new to the public sector, the guide is a pragmatic reference

The key is to ask, and answer, the right questions. The next 15 years are shaping up to be an exceptional period of opportunity for infrastructure finance. According to the McKinsey Global Institute, the world needs to invest almost $50 trillion in infrastructure by 2030 just to keep up with economic growth.

Transportation labor leaders have laid out a strategy focused on shaping President Donald Trump's $1 trillion transportation infrastructure package and tackling challenges faced by transportation workers. Related Content: But the labor leaders, along with Democrats in Congress who support the infrastructure package, differ with the administration's thoughts on how to finance the projects.

Have you recently heard talk of the "Stopping Improper Payments to Deceased People Act?" Probably not, because it's dead. This bill, which would have expanded the use of data on deaths by federal and state agencies to limit improper federal payments, was introduced to the U.S. Senate in 2015, but was never enacted because many of its provisions are meant to already be included in existing laws, such as the “Improper Payments Elimination and Recovery Improvement Act of 2012.”

An increasing number of cities are ready and willing to embark on smart cities initiatives. That's the good news. On the flip side, most cannot figure out how to pay for these efforts. Only 16 percent of cities could self-fund a smart city initiative, according to Black and Veatch's newly released 2017 Strategic Directions: Smart City/Smart Utility Report .

Cyber intrusion is the fastest growing crime in the United States. It is a threat that horrifically frightens executives in both the public and private sectors.

A cybercrime, or hacking as most people call it, can result in the loss of government secrets, individual grief that comes from identity theft, company liability if confidential data is compromised, election tampering, unauthorized purchases and more. Cybercrimes are problematic for government, businesses, organizations and citizens throughout the world. Some cybercrimes pose a threat to national security.

Illinois has lost more residents than any other state over the last three years. It's dealing with an ongoing budget standoff between its Republican governor, Bruce Rauner, and the Democratic-controlled legislature.

The expectations over driverless cars are stratospherically high. For one, there's the fascination with the technology and the presumption of an easier commute: The self-driving car will take us to work while we surf the Internet, read files and review emails.

US mayors have reiterated the importance of federal infrastructure investment just days before Donald Trump takes office.

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