Local journalism in New York gets big boost with first-ever NYS payroll tax credit

Local journalism outlets across the Empire State will receive payroll tax credits as a part of the approved state budget to help keep editors and reporters employed, and deliver the news New Yorkers need. 

Gov. Kathy Hochul and the New York State Legislature unveiled the final state budget Saturday with this added tax credit modeled on the Local Journalism Sustainability Act, making New York the first state in the country to incentivize hiring and retaining local journalists.