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The state of New York, led by a powerful coalition of local publishers, has just approved game-changing legislation in the fight to preserve local news outlets and community journalism. By including a $90 million payroll tax credit for hiring and retaining local journalists in the state's 2025 budget, New York has become the nation's first to take such a major step to protecting this vital industry. This is a commitment to local journalism that the U.S. Congress should urgently build upon.
The Empire State's legislation is built from the framework of the Community News and Small Business Support Act that would provide similar incentives at the federal level. Much like the New York program, the proposed tax credits would provide critically-needed sustainability for local news organizations, and would ensure that its local citizens continue to receive the news and information they need from credible sources.
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