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California Film & TV Tax Credit Funding Still In Flux; Filmmakers Encourage Legislators To Support $750M Expansion As Budget Negotiations Continue
Deadline understands that Patty Jenkins, Jonathan Nolan, and Cord Jefferson recently traveled to Sacramento to plead their case to lawmakers
Still, Newsom and several other state lawmakers including Sen. Ben Allen and Assemblymember Rick Zbur have sought to ensure that line item remains in the budget as legislative leaders contend with a projected $12B deficit. The Legislature was unwilling to accept the deep cuts to social services Newsom proposed to bridge the gap and, while a formal vote was held on June 15, the final budget remains in flux ahead of the July 1 start of the fiscal year. While there’s a huge need to slash the greater budget that we fully respect, Sacramento is open to discussing the revenue can be generated by the film and TV industry, and that would be lost if it collapses and the state loses a trillion dollar business, which is on the brink of happening.”
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