The Empire Center has updated its online Spend-O-Meter to reflect the record size of New York’s newly enacted $168.3 billion budget for fiscal 2019.
As of April 1, the fast-spinning Spend-O-Meter shows, the state government is spending at a rate equivalent to:
- $5,336 per second,
- $320,205 per minute,
- $461,095,890 per day,
- $3,236,538,462 per week, and
- $14,025,000,000 per month.
New York’s All Funds budget, which includes revenues from both state and federal sources, has nearly doubled since fiscal year 1988, when the state spent $85.7 billion (in 2018 dollars).
The Empire Center, based in Albany, is an independent, not-for-profit, non-partisan think tank dedicated to promoting policies that can make New York a better place to live, work and raise a family.