Watchdog Wire
by Tom Gantert
March 7, 2013

In 2010, Michigan had an annual unemployment rate of 12.5 percent. Then-Gov. Jennifer Granholm told lawmakers to expect a $1.58 billion deficit in the following year and to expect a $263 per pupil cut for K-12 education.

Yet, the state played a part in allowing one of the most lucrative companies in the world to post a record $4.8 billion in profits by handing it nearly $40 million in film tax credits.

That was the year Disney made the movie, “Oz: The Great and Powerful,” and received $39.7 million of the $75.2 million the state of Michigan handed out to film producers. Ironically, the state film subsidy nearly matched the $39.8 million salary Walt Disney Chief Executive Robert Iger was paid in 2012.

(excerpted)
http://watchdogwire.com/michigan/2013/03...ize-disneys-oz/