India's 2015-2016 Union Budget stayed away from using the term smart cities, unlike the one in 2014-2015 which made special mention. But that doesn’t imply that the Indian government has lost interest in a smarter country. Pratap Padode explains why.
Finance and procurement
Over the next 15 years, nearly $60 trillion will be needed to finance global infrastructure projects. Current funding sources appear to fall well short. See how a new initiative backed in part by Cisco will help cities find new sources.
With budgets tight and tax hikes not an option, public agencies are trying a new funding source: collecting on taxes they’re already owed. One county recently uncovered nearly $10 million in lost property taxes. Find out how technologies from IBM, Oracle and others helps pinpoint tax fraud.
You want to upgrade your wastewater treatment facility with smart technology. Federal funds cover only a small portion of the bill. Do you issue municipal bonds to finance the balance -- or get a bank loan? Many cities are breaking with the muni bond tradition and choosing the latter option. Find out why .
With the big markets drying up for municipal bonds, Denver found the funding it needed from small investors – its own residents. Learn why "mini-bonds" may be the wave of the future for municipal finance.
One of the questions remaining about India’s ambitious plan to have 100 smart cities is where the money will come from to develop them. Find out how investors may play a key role.
What does the new smart city standard say about a city's financial well-being? George Karayannis continues his deep dive on ISO 37120 with a look at the indicators that reflect a city's fiscal health. Don't miss this one.
With some creativity, Brian Cotton of Frost & Sullivan suggests the Hong Kong mass transit business model could serve as a template for cities that want to incent private sector investment in smart city infrastructure projects. It's an interesting approach; click for the details.
The World Bank says its investment in infrastructure projects will grow by nearly half this year. Find out why it says this is actually bad news, and what it means for developing economies.
The International City/County Management Association (ICMA) featured the Smart Cities Financial Guide in the July 2014 issue of its PM Magazine. Click for an excerpt and link to the full story.