Larry Barker: State loans a flop for taxpayers

We’ve been saying for years that New Mexico’s film incentive and loan programs were a boondoggle for taxpayers. Recently, Channel 13’s Larry Barker came to the same conclusion and filed this excellent report on the matter:

State film loans, a flop for taxpayers:

Thankfully, Gov. Martinez has a far more reasonable view of the film program than did Gov. Richardson, but with boondoggles like this one, can we really trust politicians to pick and choose which industries are used to develop New Mexico’s economy?