California Gov. Jerry Brown has signed off on a deal that would more than triple funding for California's film and TV tax-credit program.
The compromise would increase funding to $330 million a year over the next five years. While that falls short of the $400 million annually sought by backers, the amount is substantially more than the $100 million that the state currently allocates.
“This law will make key improvements in our Film and Television Tax Credit Program and put thousands of Californians to work,” Brown said.