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City Uses Up Tax Credits, Will Productions Flee?
By
Jen Carlson
Published Feb 12, 2009
Modified Feb 12, 2009
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By
Jen Carlson
Published Feb 12, 2009
Modified Feb 12, 2009
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Fade to black! Looks like we're going to have to get used to some faux New York in our films and television shows: the state's tax credit program has run out of funds. It was Spitzer who proposed the new budget in early 2008, which started to bring more productions to the city, but it was just announced that the $515 million allocated through 2013 has already been spent. According to the LA Times "studios that contemplated shooting movies and TV series in New York are looking instead to places such as New Jersey, Illinois and Canada instead." Crain's reports that Fringe, Life on Mars, and Damages are already considering pulling out of the city, and it's being reportred that Silvercup Studios haven't signed on any new TV shows or movies. The Queens Gazette reports that "new allocations must come from the state legislature as an emergency allocation or be included in next year's budget, which is supposed to be approved by April 1."
Tagged
budget
film
tax credits
tv
Jen Carlson
Jen Carlson is a former WNYC and Gothamist editor.
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