Local News

8-9-17 Analysis Finds State Could Take 25 Years to Break Even on Foxconn Deal

todayAugust 9, 2017

MADISON, Wis. (AP) — A new analysis shows Wisconsin may not break even on incentives to lure Taiwanese electronics giant Foxconn to the state for at least 25 years.
Gov. Scott walker has introduced a bill that would give Foxconn up to $3 billion in incentives to build a plant in southeastern Wisconsin.
The analysis examined scenarios where the state would reach a break-even point between incentives given and taxes collected.
The analysis said the earliest the state would break even would be the 2042-43 fiscal year.

Written by: Radio Plus

Post comments (0)

Leave a reply

Your email address will not be published. Required fields are marked *