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Only $200 million in Iowa subsidies for Hollywood? Well allright, then!

August 03, 2010

Well, it could have been worse.

Iowa officials now say the maximum possible liability for the taxpayers under the scandal-wracked Iowa Film Credit program is down to $200 million or so. It had been projected as high as $330 million.

That means each of Iowa's roughly 3 million residents is sending an involuntary check of $66.67 to Hollywood. That's $200 million dollars that could have paid about 5,000 teachers for a year. It's money that won't repair flood damage, or help you pay down your mortgage and credit card, or stretch your savings a little further while looking for a job.

But think of what you get for your $200 million:

But some benefits can't just be measured on a dollar-for-dollar basis. The movies provide employment to local actors, construction crews, artists, caterers, drivers and a host of others. They expose non-Iowans to what the state has to offer. More intangible is the benefit of interactions in a state that can be cut off from the trends and centers of power. Not to mention the excitement factor. We've relied on caucuses every four years to bring action and celebrities to town. Now, sightings are anytime, any place.

So maybe you can get a temporary job as a driver or waitress for a cast party. Even if you can't, you might see a star! Think of the excitement! Isn't that worth more than that music program your school district had to close to save money?

Related: Starlets or teachers?

Tags: Corporate welfare.Des Moines Register.Economic development.film credits.harold hill.Iowa tax policy.