New York will become the first state to approve the Local Journalism Sustainability Act, allocating $30 million annually for tax breaks to news organizations, refunding 50% of a journalist's salary up to $50,000 per journalist and a maximum of $300,000 per organization.
Senator Brad Hoylman-Sigal emphasizes the necessity of a thriving local news industry for democracy, stating that it is crucial to ensure New Yorkers have access to independent and community-focused journalism.
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