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Seattle lawmakers deny capital gains tax, broaden use of payroll tax revenue from big businesses

GeekWire

Photo by Seattle City Council , via Flickr, Creative Commons ) The Seattle City Council Thursday approved more than $8 billion for its latest budget, while rejecting a proposal to create a 2% capital gains excise tax designed to fund housing and food programs for low- and middle-income families. Seattle City Hall.

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Seattle mayor wants to tap more revenue from payroll tax on big business to plug budget holes

GeekWire

GeekWire File Photo / Taylor Soper) Seattle Mayor Bruce Harrell on Tuesday announced details of his planned 2025-26 budget, which includes $287 million collected from the Payroll Expense Tax to plug holes in the city’s general fund. Seattle’s overall budget is $8.3 and Arlington, Va. ”

Budget 61
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Seattle City Council member proposes 2% capital gains tax to support low-income initiatives

GeekWire

It would go into effect in 2026. The City of Seattle is currently hashing out its 2025-26 budget and coming up short. Seattle’s overall budget is $8.3 Moore plans to introduce her budget proposal amendment at the Nov. It faces a $250 million shortfall in its general fund, which totals $1.9

Budget 125
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5 hot IT budget investments — and 2 going cold

CIO Business Intelligence

The numbers are higher from Foundry’s 2023 State of CIO survey , which finds that 91% of CIOs expect their tech budgets to either increase or stay the same in 2023. And it’s not just applications development where such tools are having an impact. CAGR through 2026, Fernandez notes.

Budget 145
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Apple iPhone SE 4 will be on shelves in March 2025

Dataconomy

The evolution of the iPhone SE series reflects Apple’s strategy to appeal to budget-conscious consumers while offering updated technology. Apple’s strategic developments in modem technology could also play a significant role in shaping its upcoming devices and impact consumer choices in the smartphone market.

Apple 66
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Gartner projects major IT spending increases for 2025

CIO Business Intelligence

By 2026, hyperscalers will have spent more on AI-optimized servers than they will have spent on any other server until then, Lovelock predicts. Free the AI At the same time, most organizations will spend a small percentage of their IT budgets on gen AI software deployments, Lovelock says. Next year, that spending is not going away.

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Buying advice for CIOs as low-code/no-code spending rises

CIO Business Intelligence

Faced with a long-running shortage of experienced professional developers, enterprise IT leaders have been exploring fresh ways of unlocking software development talent by training up non-IT staff and deploying tools that enable even business users to build or customize applications to suit their needs.