Home – Budgets in Brief - April 15 2019

Budgets in Brief - April 15 2019

ENTERTAINMENT INDUSTRY TAX CREDIT EXTENDED IN NY

A provision extending NEW YORK’s film and television credit for two years was quietly inserted into the state budget shortly before it was approved last month. The credit, which cost the state $25 million when it was first offered in 2004, is now a $420 million annual commitment, making it state’s the priciest such tax break for an individual industry by far. (TIMES UNION [ALBANY])

 

SPECIAL EDUCATION FUNDING CUT IN TX COULD HURT STUDENTS

TEXAS education officials estimate the state may owe the federal government $223 million - almost a quarter of the total amount of the state’s federal special education grant - for decreasing funding for children with disabilities in violation of federal law. That estimate is nearly $190 million more than officials said in October they would likely owe. (TEXAS TRIBUNE [AUSTIN])

 

-- Compiled by KOREY CLARK