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Industry Landscape
The municipal government sector in the US is characterized by its focus on providing essential public services, managing infrastructure, and fostering community well-being. It's largely funded by local taxes and fees. There's a growing emphasis on digital transformation for service delivery and transparency, alongside ongoing challenges in maintaining aging infrastructure and adapting to demographic shifts. Community engagement and sustainable development are key priorities.
Total Assets Under Management (AUM)
Local Government Expenditure in United States
~Approx. $2.15 trillion (2022 est. for state & local government expenditure)
(3-5% CAGR)
- Revenue sources: taxes, intergovernmental transfers, charges.
- Major expenditures: education, public welfare, public safety.
- Influenced by economic conditions and policy priorities.
Total Addressable Market
2.15 trillion USD