Auditors Fault Three State Agencies On Film Incentives
(Image courtesy news.tn.gov)
NASHVILLE, Tenn. - State auditors said they have serious concerns about oversight of the state film incentives programs.
"This audit was unlike anything I've ever read," said Rep. Mike Bell in a hearing on Monday.
In audit results released Monday, the state comptroller's office said the Tennessee Film, Entertainment and Music Commission, the Department of Economic and Community Development and the Department of Revenue failed to ensure that public incentives for filmmaking businesses were properly administered.
"Audits are usually not page turners, this was a page turner, every paragraph I read something and went ‘I can't believe that!'" he added.
The legislature passed laws in 2006 giving the film commission authority to use financial incentives to lure movie production companies to the state. Auditors said they found scant evidence that any of the funds spent have led to new film facilities or permanent film jobs in Tennessee.
Auditors presented their findings Monday at a joint House-Senate subcommittee meeting in Nashville.
"We need to try to have greater accountability because if we don't we're gonna lose the money. We're gonna lose our money as we already have," said Rep. Johnnie Turner.
Read the news release here: http://1.usa.gov/124Ja5u