Inside Move: California program faces the ax

FCF plan not dead … yet

Hollywood is about to find out just how much clout it has in Sacramento.

With the state of California facing a deficit of $26 billion, funding for the Film California First incentive program is threatened with eradication as part of dozens of spending cuts in the state budget. The State Assembly voted Jan. 28 to eliminate the $10 million in annual funding currently allocated to the program.

That’s not yet a fatal blow to the FCF program, since the state Senate and Gov. Gray Davis still have to approve a revised budget sometime this week. But the Los Angeles City Council was alarmed enough already to support a resolution supporting “continued funding of this essential program.”

The FCF program is aimed at keeping production in the state through rebates to cover costs of state and federal employees, property use fees, safety costs and public equipment fees. Filmmakers can save up to $300,000 per production.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety