New York Governor Andrew Cuomo reached an agreement with Senate and Assembly leaders on the state budget late Saturday night. The 2019-2020 fiscal year state budget will include a two-year, $840 million, extension of the New York State Film Production Tax Credit Program. The current program will now remain in place through 2024. During final budget negotiations Saturday night it became apparent that only a one-year extension was being considered. The extraordinary effort by the entertainment Unions & Guilds was critical to achieving the two-year extension of the program.
Changes were also made to the Empire State Commercial Production Credit by earmarking funds for both downstate and upstate productions. Advertisements of any length and those distributed online will now be included.
The members of Local 764 by their activism made sure that this funding was included in the budget. Without your dedication, this program would not have been reconsidered by the Governor or come to the attention of State Representatives.
|CONGRATULATIONS AND THANK YOU TO ALL WHO WROTE LETTERS, EMAILED, CALLED OR ATTENDED BUDGET FORUMS. YOU HAVE HELPED TO MAKE SURE WE WILL STAY #764STRONG!|