A Wisconsin agency slashed an estimate for subsidies the state will grant to
Wisconsin’s biennial budget, enacted in July, assumed $212 million of refundable credits would be paid to Foxconn in the 2020-2021 fiscal year, based on the Taiwanese company hitting 2019 hiring and capital-spending goals in the state. A new analysis, compiled by the Wisconsin Legislative Fiscal Bureau, a nonpartisan government agency, revised that to $50 million to $75 million on Thursday.
The report is a major reassessment…
