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(Wisconsin) GOP lawmakers split on Foxconn bill as questions linger about impact on state budget
Source: Wisconsin State Journal
GOP lawmakers split on Foxconn bill as questions linger about impact on state budget
MOLLY BECK and MARK SOMMERHAUSER Wisconsin State Journal 1 hr ago
Republican lawmakers are split over how to move forward with a plan to send $3 billion to an electronics manufacturing giant promising to create 13,000 jobs in Wisconsin as questions surfaced about how the plan would affect the next state budget that is a month overdue.
Taiwanese technology company Foxconn wants to spend $10 billion to build LCD panels on a 20 million-square-foot, 1,000-acre campus of more than a dozen buildings in southeastern Wisconsin by 2020. Gov. Scott Walker signed an agreement to have a contract in place by the end of September.
But doing so requires approval from a Republican-controlled Legislature that still hasn’t passed a 2017-19 state budget. And despite a suggestion from Assembly Speaker Robin Vos, R-Rochester, on Tuesday that the Foxconn deal would have “almost zero” impact on the next state spending plan, questions surfaced from Democrats and Senate Republicans about whether more vetting was needed.
Meanwhile, the head of Walker’s state jobs agency told the Wisconsin State Journal on Tuesday state taxpayers could start sending payments to Foxconn over the next two years. That’s because the state’s deal with Foxconn promises to cover 17 percent of payroll through refundable tax credits — so as the company hires staff, the state will make payouts.
-snip-
MOLLY BECK and MARK SOMMERHAUSER Wisconsin State Journal 1 hr ago
Republican lawmakers are split over how to move forward with a plan to send $3 billion to an electronics manufacturing giant promising to create 13,000 jobs in Wisconsin as questions surfaced about how the plan would affect the next state budget that is a month overdue.
Taiwanese technology company Foxconn wants to spend $10 billion to build LCD panels on a 20 million-square-foot, 1,000-acre campus of more than a dozen buildings in southeastern Wisconsin by 2020. Gov. Scott Walker signed an agreement to have a contract in place by the end of September.
But doing so requires approval from a Republican-controlled Legislature that still hasn’t passed a 2017-19 state budget. And despite a suggestion from Assembly Speaker Robin Vos, R-Rochester, on Tuesday that the Foxconn deal would have “almost zero” impact on the next state spending plan, questions surfaced from Democrats and Senate Republicans about whether more vetting was needed.
Meanwhile, the head of Walker’s state jobs agency told the Wisconsin State Journal on Tuesday state taxpayers could start sending payments to Foxconn over the next two years. That’s because the state’s deal with Foxconn promises to cover 17 percent of payroll through refundable tax credits — so as the company hires staff, the state will make payouts.
-snip-
Read more: http://host.madison.com/wsj/news/local/govt-and-politics/gop-lawmakers-split-on-foxconn-bill-state-officials-say-payments/article_b1d01b22-da52-50bd-a99c-13a80b39430f.html
