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Tue February 22, 2011
Martinez Pushes Cut To Film Industry Subsidy
By KRWG News
New Mexico – Republican Gov. Susana Martinez is using a proposed state budget to bring pressure on lawmakers to trim a subsidy for the film industry.
Martinez met Tuesday with House leaders to outline her objections to a more than $5 billion budget proposal developed by a House committee. It will cut state spending about 3 percent next year.
The governor wants lawmakers to reduce a film production tax credit, which would save an estimated $25 million that could be used to offset possible budget cuts.
Martinez told the legislative leaders that the proposed budget cuts too much from public schools, Medicaid and corrections.
A possible House debate on the budget was postponed and the bill was sent back to the Appropriations and Finance Committee after the leadership meeting with the governor.
Copyright 2011 The Associated Press.