The way I read the stories, of the $85 million budget, the produces were counting on $40-$67 million in grants. They ended up with $12-$13 million:
"Out of the $31 million the state sets aside for each fiscal year for the grant program,
Swamp Thing qualified for up to $12 million, which only covered a portion of the show’s overall costs.
Star News reports that the production budget for Swamp Thing’s first season hovered somewhere near $85 million.
As to the specific budget issue,
a recent communication error led North Carolina’s House of Representatives’ appropriations committee to believe that the grant fund had an excess to the tune of about $67 million, which it did not."
It sucks because you can't have a network without content. You can't have content without a budget. But, seriously, the idea that everyone has to have their own streaming network is stupid...
Bring back "Constantine!" That was another show cancelled without merit.