From the Daily News:
The state has pumped $350 million into the budget to resupply a successful tax credit for film and TV production - but the cash influx has gotten mixed reviews from the industry.
Despite having to address a $16.2 billion budget gap, Gov. Paterson and legislative leaders found the cash to re-up the tax credits, which have spawned $2.5 billion in new business since they hit the books in 2005.
"In the midst of our financial crisis, we got $350 million to continue the level of production that's here," said Douglas Steiner, chairman of Steiner Studios in Brooklyn. "That is nothing short of fantastic."
But John Ford, president of Manhattan-based Local 52 of the Motion Picture Studio Mechanics, said industry growth will be slowed because the funding is only for one year.
"I'm thankful ... but at the end of the day, that's not going to help us bring jobs here," he said.
Painting from SJF New York Art