How long does it take Miami-Dade County to spend $20 million? About 24 hours.
That’s the average spending rate Dade Data calculated from the county’s newly released 2013 financial statement.
The report lists a total of $7.3 billion in spending for the fiscal year that ended Sept. 30, 2013. Divide that by 365, and you’ll get average daily spending of $20.1 million. (Also: $840,000 an hour, $14,000 a minute and $233 a second.)
Where does all the money go so quickly?
(Not seeing a Dade Data chart on your mobile device? Click here.)
Miami-Dade spends about $1.6 billion a year on health, mostly at the county-owned Jackson hospital system. (This chart only covers expenses; the annual report shows about $1.2 billion in revenue in the public-health category, too.)
Safety, a category that includes fire and police, comes in second at $1.2 billion. That’s about $3.5 million a day and $148,000 an hour.
The county’s $15 billion in debt brings a yearly expense, too: about $185 million worth of interest payments in 2013. So Miami-Dade spends about $500,000 a day maintaining its debt.
This post is part of Dade Data, an online series from the Miami Herald’s County Hall team. Dade Data will explore the numbers driving Miami-Dade County’s government and the challenges it faces.