New York state is poised to hand out millions in taxpayer dollars to local media outlets to help pay for journalists’ salaries.
The state will dole out $30 million over a three-year period to local media outlets in the form of tax credits, giving publishers the ability to offset up to 50% of the first $50,000 in journalists’ salaries, according to a Tuesday release issued by New York State Assembly Speaker Carl Heastie. Heastie emphasized that the funds will go toward protecting local news outlets for “many years to come.”
