Gov. Susana Martinez last week said that New Mexico could save $25 million by cutting the repayment to television and movie producers to 15% of their expenses within the state from the current 25%.

“There are choices we have to make in New Mexico,” the governor said Friday. “Do we subsidize Hollywood or do we start cutting in the classroom? I prefer to not be subsidizing Hollywood and make sure that we fund adequately our classrooms.”

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.