Home – Budgets in Brief - April 23 2018

Budgets in Brief - April 23 2018

TN HOUSE PUNISHES MEMPHIS FOR REMOVING CONFEDERATE STATUES:

The TENNESSEE House voted last week to strip $250,000 earmarked for the planning of bicentennial celebrations in Memphis next year from the state’s fiscal 2018-19 budget. That action was reportedly taken as punishment for the city removing a pair of Confederate statues last year. (NASHVILLE PUBLIC RADIO)

 

RI LOSING NEARLY $2M A YEAR ON FILM TAX CREDITS:

The $84 million in tax credits for movies and television productions RHODE ISLAND has doled out since 2005 have cost the state an average of $1.8 million a year in revenue, according to a report from the state’s Office of Revenue Analysis. The agency calculated that such productions generated only 27 cents in tax revenue for every $1 spent on average. The film tax credit program is scheduled to expire in 2024. (ASSOCIATED PRESS)

 

-- Compiled by KOREY CLARK