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Seattle approves new city budget that plugs shortfalls with surplus revenue from business tax

GeekWire

Now the city is using the surplus to help close major gaps in its budget. ” Seattle already faced operating deficits of $141 million for 2023 and $152 million for 2024 before the budget planning process began this fall. . PREVIOUSLY: Seattle’s big business tax, 1 year later: Controversial policy generates unexpected surplus.

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CIOs eager to scale AI despite difficulty demonstrating ROI, survey finds

CIO Business Intelligence

CIOs were least likely to identify as AI-ready business areas such as new product lines (22% of respondents), corporate policy on ethical AI use (24%), or their supply chain (26%) as the least AI-ready, while 49% rated their IT departments’ own technical skills as AI-ready.

Survey 128
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Seattle office market continues to struggle as vacancy rates rise for ninth consecutive quarter

GeekWire

It also marked the ninth straight quarter of negative net office absorption, which is calculated by the total amount of space leased minus the total space vacated in a given quarter. Companies are reducing real estate footprints with the adoption of hybrid work policies. at the end of 2023, the ninth consecutive quarterly increase.

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‘Baby bond’ legislation aims to address wealth gaps in Washington state

GeekWire

One in ten Washington households have zero or negative net worth, while 36% have a net worth of $500,000 or more, the report found. Household net worth in Washington State and the U.S. The data reflect longstanding wealth gaps in the U.S. 2022 Washington Future Fund Committee Report Chart; U.S.

.Net 96
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The new CFO: How AI has changed the game for chief financial officers

CIO Business Intelligence

Nearly half of the companies (47%) recently surveyed by CNBC say that AI is their top priority for tech spending over the next year, and AI budgets are more than double the second-biggest spending area in tech, cloud computing, at 21%. For the CFOs at the center of that transformation, the stakes are higher than ever.

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Seattle evaluating its own capital gains tax following new state law

GeekWire

” Mosqueda, also the city council’s budget chair, said she is not considering pursuing a capital gains tax ordinance independently. “If you are looking for a local jurisdiction that does not impose a net income tax, but does tax capital gains, I don’t have an example.”

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December 2011: GovCloud Moves From Policy to Law

Cloud Musings

Personal comments and insight on cloud computing related technologies and their use in the public sector to support net-centric operations. December 2011: GovCloud Moves From Policy to Law. The GSA IaaS groundwork has been laid and new policies are just about ready to be released !! Cloud Musings on Forbes. NJVC Cloud Computing.

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