ALBANY – New York taxpayers are on pace to pump almost a billion dollars into lavish subsidies for television and film productions this year to keep them in town.
Productions such as “Saturday Night Live” and “FBI Most Wanted” sucked up around $21 million in tax credits each in just the first three months of 2025, part of a total whopping $230 million that New York shelled out for the industry for the same period, according to a new report from the good-government group Reinvent Albany.
That’s around $65,000 for each job created by the productions for the quarter, Reinvent said. 3
“The Governor and Legislature are happy to waste enormous amounts of our tax dollars on an utterly debunked, trickle-down economics scheme because of the substantial political reward they get from the Mot