ANNAPOLIS -- Maryland ended fiscal year 1991 with enough money left over to finance the operations of state government for 2 1/2 minutes, Comptroller Louis L. Goldstein reported yesterday.
The unappropriated surplus remaining once the books were officially closed on the budget year that ended June 30 was a measly $55,350 -- "smallest in memory," Mr. Goldstein said.
The surplus is not even equal to half of Gov. William Donald Schaefer's annual $120,000 salary.
According to Mr. Goldstein's spokesman, Marvin Bond, state government spends at a rate of $31.8 million a day, or $1.3 million an hour, $22,110 a minute, or $368 a second. The state finished the year barely in the black only after cutting spending or shifting funds four times, including by $125 million just a week before the budget year ended.