Big Hollywood Bailout: Taxpayers Spent Nearly $40 Million To Subsidize Disney's 'Oz'

Big Hollywood Bailout: Taxpayers Spent Nearly $40 Million To Subsidize Disney's 'Oz' [Michigan Capitol Confidential]
"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."