N.Y. state eyes $350 mil for productions

March 29, 2009 New York would free up an additional $350 million for an existing film and TV production tax credit program under a budget agreement reached in Albany over the weekend. New York state lawmakers are set to vote on the budget bill by Wednesday, with political observers saying its passage is far from certain given a secretive budgeting process, small majorities in the legislature and a big budget deficit. Industry observers said the limited tax credit financing for productions in the Empire State could be a blow to New York's hopes to attract new TV shows and maybe even efforts to retain existing shows like "30 Rock."

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