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California Legislators Approve $750M Funding For Film & TV Tax Credit Program
Gov. Gavin Newsom's proposal to expand the funding for the program has been approved
The Legislature has continued to negotiate on the state’s final budget ahead of the July 1 start to the fiscal year, despite holding a formal vote on June 15, to address about a $12B deficit. After lawmakers had removed language regarding the specific funding amount from its bills to amend the program, there were some questions about whether the full $750M would make it into the final budget. The trip, organized by producer Scott Budnick, included Patty Jenkins, Cord Jefferson and Jonathan Nolan.
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