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We're broke? Lets take all of our money and go see a movie!

June 02, 2009

Unrelated-yet-related stories:

Iowa revenue takes double-digit plunge in May

A spike in state tax refunds and continued negative economic factors caused a double-digit plunge in May’s state revenues, state officials said Monday.

The decline raised new concerns whether the revised fiscal 2009 state budget would hold without additional adjustments, although Gov. Chet Culver’s fiscal experts cited warning signs but no cause for alarm as they closely monitor the financial balance sheets.

And:

Film Industry taking off in Iowa

"The tax credits were the lure, but the people were the ultimate reason we came here. It's a great location with great people, and the tax incentives were icing on the cake," says Whitus.

Yes, great people who elect politicians stupid enough to subsidize half the filmmakers' costs.