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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. . (GeekWire Photo / Kurt Schlosser). million in its first year — $48.1 million more than projected.

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Seattle lawmakers axe funds for gunshot detection tech that was part of mayor’s public safety push

GeekWire

billion city budget for 2023 will not include funds sought by Mayor Bruce Harrell for gunshot detection technology. The Atlanta Police Department announced last week that it was passing on the technology after a six-month trial because it doesn’t haven’t room in its budget for the system. ShotSpotter Photo). During an Oct.

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

CIO Business Intelligence

One of the main difficulties is calculating ROI to convince CFOs to approve budgets, and this challenge is also present when considering AI adoption, according to Abhishek Gupta, CIO of Dish TV. Quantifying tangible benefits such as cost savings, productivity improvements, and top-line growth is relatively straightforward.

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Value stream management (VSM) delivered $81M in savings

CIO Business Intelligence

Based on the experience of a Broadcom customer, the study found the organization achieved a 471% return on investment (ROI) and a net present value (NPV) of $81.63M over three years, with payback of the initial investment in just nine months. Additionally, access to real-time data reduces the need for so many meetings, saving everyone time.

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11 ways to reduce your IT costs now

CIO Business Intelligence

IT leaders have always needed to exercise fiscal responsibility while meeting business demands for technology. The net result is that some organizations’ technology debts are growing faster than anything else and robbing them of their budgets and ability to innovate.” But it’s not the only one.

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

GeekWire

A “Team Suite” for focused meetings is one of many new workplace layouts Amazon is testing at its new “Sonic” tower in Bellevue. 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.

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Tech workers sound off on Washington state’s proposed ‘billionaire tax’ at first public hearing

GeekWire

“I’m not fortunate enough to qualify for this wealth tax but I do occasionally meet with billionaires who would,” said Ned Friend, a product lead for Microsoft during the hearing. “We meet to discuss how new software can make the world a better place. billion budget deficit that needs to be closed.

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