Here’s some remarkable data I just ran across on a Web site about the Albuquerque’s government finances. According to a table there, reproduced below, Albuquerque received $591 million dollars from the federal stimulus package.
That’s a pretty staggering number all by itself. Half a billion dollars just for Albuquerque. In fact, I’m not even sure how it fits in, considering that Albuquerque’s entire budget runs “only” about $800 million a year, according to the same site.
But the really remarkable thing is the jobs figure provided. I seem to remember that the stimulus was about “creating jobs.” And Albuquerque’s stimulus money did create jobs, they say. 596 of them.
That’s a million dollars per job.
Give me a million dollars and I’ll hire two people! Double your return! Hell, I’ll hire three! Where do I sign up?
Albuquerque has received $591,525,791 from the stimulus package.
| Type | # of Awards | Amount | Jobs Reported |
| Contracts | 479 | $202,584,279 | 138.64 |
| Grants | 412 | $387,441,511 | 453.01 |
| Loans | 2 | $1,500,000 | 4.5 |
| Total | 893 | $591,525,791 | 596.15 |
—From Sunshine Review