State analysis projects WI will recoup Foxconn subsidies in 2042-43 fiscal year

Foxconn_2_New

The boost in income tax revenues Wisconsin would see from Foxconn and the indirect jobs the project could create would not exceed the state's $3 billion investment in the Taiwanese company until at least 2042-43, according to new state projections.
At best, the state's break-even point would be fiscal year 2042-43 if the electronics manufacturer creates 13,000 jobs and builds the $10 billion facility. But it would be "well past" 2044-45 if it only added about 3,000 jobs, the Legislative Fiscal Bureau wrote in an analysis released today.
Dems used the new analysis to demand Republicans slow dow...

Please log in to access subscriber content.
If you don't have a subscription, click here for a WisPolitics free trial and to view the different subscription options.
Facebook
Twitter
LinkedIn

2022 Fall Election Results

Upcoming Events