Economic and Fiscal Impacts of Texas’ Moving Media Industry
December 1, 2008
Ladies and Gentlemen:
We are pleased to submit The Current and Potential Economic and Fiscal Impacts of Texas’ Moving Media Industry report for the state of Texas. Rider 20, General Appropriations Act, Acts of the 80th Legislature, Regular Session, directs the Texas Comptroller of Public Accounts to report the findings of its review of the fiscal effectiveness of the film incentive program to the Legislative Budget Board and the Governor’s Office of Budget and Planning by Dec. 1, 2008.
It has been our pleasure to work together on this important project with the Texas Workforce Commission, the Texas Film Commission, industry representatives appointed by the Comptroller to the Texas Film Industry Incentive Program Advisory Committee and the University of North Texas report consultants. We are grateful for the time and energy each representative of the Texas Film Industry Incentive Program Advisory Committee provided to the assessment of the fiscal effectiveness of the film incentive program and to the development of a Texas-focused economic profile.
The report represents many months of effort. The committee met in December 2007 and in June and October 2008 to discuss current trends in the moving media industry. The resulting report compares the film industry incentive programs of other states with the Texas incentive program and examines their respective economic and fiscal impacts. In Texas, the economic impact of the moving media industry approached $345 million in 2007. The report also identifies strategies proposed to enhance Texas’ future competitive position in the moving media industry.
If you have any questions concerning this report or would like to request additional copies, please contact our office. You may also find the report online at www.window.state.tx.us/specialrpt/mmedia/.
The Comptroller can be reached at P.O. Box 13528 Austin, TX 78711-3528, Telephone: 512-463-4000 toll free: 1-800-531-5441 FAX: 512-463-4965