While it’s true that the $132.5 billion on-time budget passed by the Legislature this week reduces overall spending by 2 percent, it still spends a lot of money. A. Lot.

spendometer

Just to give you an idea of exactly how much money we’re talking about, the folks over at The Empire Center have created a Web-based “Spend-O-Meter” to put $132.5 billion into context.

“Under this year’s budget, our state government will spend more every hour than 200 typical New York families earn in a year,” said E.J. McMahon of the Empire Center.

Methodology: The Spend-O-Meter project reflects the “all funds” financial plan disbursements of New York’s state government for the current fiscal year (April 1, 2011-March 31, 2012). It calculates the amount spent since 12:00 a.m. on April 1.

Disclaimer: The Spend-O-Meter calculates the amount based on the “clock time” of the viewer’s computer. Viewers with incorrect time settings or malfunctioning computer clocks may see inaccurate numbers.