Whoops there goes another $1 billion (CORRECTED)
The Empire Center for New York State Policy posted a nifty $pend-O-Meter at the bottom of their home page showing how much New York State has pissed away since the start of the fiscal year on April 1. As of this writing, just three days in, the meter has already passed $1.1
Calibrated to Governor Spitzer’s estimate of $120.9 billion in “all funds” spending under the enacted budget for the 2007-08 fiscal year, the Empire Center’s “Spend-O-Meter” spins at the following rates:
$3,834 per second
$230,023 per minute
$13,801,370 per hour
$331,232,877 per day
$2,325,000,000 per week
$10,075,000,000 per month
“Under this year’s budget, our state government will spend more every 12 seconds than the average worker earns in a year,” said E.J. McMahon, director of the Empire Center.
Just think how much worse it would have been if “everything” hadn’t “changed on Day 1.”
Hat tip: Capitol Confidential
UPDATE: Commenter Tom Blanton caught a major goof on my part. The state spends $1 billion every three days, not $1 trillion. I guess all those zeroes made my eyes glaze over.