Evers’ budget revisions anticipate $37.4M in tax credits for Foxconn

The Evers administration expects Foxconn will qualify for $37.4 million in tax credits over the next two fiscal years, the maximum allowed under the new contract signed with the company, according to budget revisions sent to lawmakers today.
The guv’s budget originally anticipated the company wouldn’t qualify for any credits in the 2021-23 biennium under the incentive deal former Gov. Scott Walker signed in 2017.
But DOA Secretary Joel Brennan in a letter sent to Joint Finance co-chairs today said the administration now expects the company will hit the maximum credits in both years of the budg...

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