Scotty's just the gift that keeps on giving, isn't he? Speaking of taxpayer-funded schemes from Walker, Foxconn is back under discussion at the Capitol. This time with a new bill that allows more time for the local yokels that fell for this scam to try to get something out of this white elephant, which could lessen the chances that the state would be stuck with having to bail them out.
.@KCCorp is moving 250 sales, marketing and executive jobs out of Wisconsin two years after @ScottWalker gave the company a deal worth up to $28 million to keep a Wisconsin plant open. https://t.co/jlLdWSUwua— Patrick Marley (@patrickdmarley) April 14, 2021
Under current law, a city or village creating a tax incremental district (TID) in an electronics and information technology manufacturing zone may incur project costs for certain specified items, including capital expenditures for constructing or expanding fire stations and for purchasing police and fire equipment. Such capital expenditures may be made only for the first 84 months following the TID's creation. This bill increases that period to 180 months.This is basically admitting that it will be a long time for there to be enough activity to allow for a Foxconn TID to start paying back these capital expenditures.