Fiscal Bureau: Foxconn Roads Could Draw $134 Million from Other State Highway Projects
Wisconsin State Journal
December 16, 2017
Wisconsin has converted several local roads near the future Foxconn factory in Racine County into state highways to access state road repair and improvement funding, a new state report has disclosed.
But the move could siphon $134 million from other highway projects around the state, according to a Legislative Fiscal Bureau memo.
Gov. Scott Walker says savings from other road projects will help cover those costs.
The Taiwanese manufacturer is already getting $3 billion in state credits, plus $764 million in local property tax incentives to construct a $10 billion liquid-crystal display plant that is expected to employ as many as 13,000 people.
A local utility company also has asked state regulators for a $140 million project to supply energy to the plant, a cost that will be borne by local ratepayers.