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Budget watchdog groups watching New York tax credits


Recently released numbers show New York State spent just over $150 million in the first quarter of 2017 on film and television productions. That once again has budget watchdog groups questioning the spending of your tax dollars.

“This is a ton of tax dollars, public dollars that are going to some of the richest people in America, who are Hollywood film moguls,” said John Kaehny, executive director at Reinvent Albany.

The state budgets $420 million a year for TV and film production — by far the most of any state.

“The question is one of payoff,” says Kaehny. “Is this a good investment for the public? Do we get the biggest bang for the buck?”

See more at WHEC.


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