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Gavin Newsom to Add $30 Million to State Film Tax Credit Program

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Gov. Gavin Newsom said Friday that his budget proposal will add $30 million to the state’s film and TV tax incentive program this year, as the state doles out a $75 billion surplus.

The $30 million is on top of the $330 million that the state provides annually to subsidize TV and film productions.

“This is an opportunity for all of those productions, TV and others, in places like Georgia whose values don’t necessarily always align with the production crews, to consider coming back to the state of California,” Newsom said at a press conference Friday.

Newsom also announced billions for high-speed rail and other transportation projects and rural broadband, among many other programs. The governor laid out hundreds of millions of dollars in grants to small businesses and tax credits for green manufacturing.

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