Well, no surprise here...
Study: Film Industry Costly for NM
The study indicates that the city only gets 14 cents back for every dollar in tax breaks given to the industry.
With a $450 million budget shortfall this year, the study could cause lawmakers to question the use of rebates for film and television productions.
The Richardson Administration has hired a firm to do another study to be completed before the legislature convenes on Jan. 20.
Was wondering how long it'd take for the state to realize this is a money hole. Ah well, easy come, easy go. Anybody wanna pitch in to buy the Q studios with me after they're abandoned?
The study indicates that the city only gets 14 cents back for every dollar in tax breaks given to the industry.
With a $450 million budget shortfall this year, the study could cause lawmakers to question the use of rebates for film and television productions.
The Richardson Administration has hired a firm to do another study to be completed before the legislature convenes on Jan. 20.
Was wondering how long it'd take for the state to realize this is a money hole. Ah well, easy come, easy go. Anybody wanna pitch in to buy the Q studios with me after they're abandoned?