Legislative Staff Savages Film-Industry Study Defending Subsidies

RALEIGH — North Carolina loses 54 cents for every dollar it allocates to the state film production credit, and the actual return on investment might be even worse, concluded a memorandum from the General Assembly’s Fiscal Research Division. The Fiscal Research authors noted in several parts of the memo that glaring errors and mistaken assumptions were pointed out prior to publication of the report but were not corrected.