Collecting, processing, and distributing information has always been a core function of government. This core function has evolved from the earliest ancient governments using clay tablets to today's smart cities relying on integrated data exchanges (IDE). A smart city “uses information and information technology to make better decisions to improve the quality of life” (Nam & Pardo, 2011). The IDE framework builds upon the data platform literature (O'Reilly, 2011) by incorporating governance systems to manage a smart city's activities. This conceptual paper takes existing research, synthesizes it, and creates a new framework to identify how cities can select the appropriate governance rules to facilitate the political, financial, and operational sustainability of their IDEs, and derivatively, their smart city efforts.