Author Topic: Louisiana Lawmakers Stunned About Cost of Film Subsidy Program and admits LOSS  (Read 944 times)

BrianDzyak

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http://www.youtube.com/watch?v=_AziW8nBlBc&feature=player_embedded#!

Published on Mar 11, 2013
For every $1 in tax revenue generated by the direct and indirect economic impact from film spending in Louisiana, the cost to the state was $7.29 paid OUT from state coffers. In this video, Stephen Moret, Secretary of LED, is awkwardly forced to admit massive loss on investment.