By Jasmine Jose Click here for updates on this story 10/29/24 (LAPost.com) — Newsom wants to pump more money into California’s film and TV tax breaks to boost Hollywood and create jobs. The plan aims to increase funding for the program that’s been raking in billions for the state since 2009. Research shows each tax credit dollar generates $24.40 in output, $16.14 in GDP, $8.60 in wages, and $1.07 in initial state and local taxes from California productions. Officials say the program has churned out $26 billion and 197,000+ film jobs statewide since ’09. “Hollywood is the cornerstone of this city and our economy and our message to the industry today is clear – we have your bac
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