More 'accurate' figures released today about the Foxconn deal blow past the $200 million annually we were all focused on (the more honest and also more harmful-to-Walker data coming after the insultingly-one-sided public hearing last week in the Assembly) - - including a projected $100 million less in annual Foxconn wages than what's been hyped - - show how phony were the numbers in Walker's election-dependent rush to give away the store:
the state's payments to fulfill the incentive package would reach their peak by Fiscal 2023, when the state will be sending [Foxconn] $193.6 million in income tax credits and $192.9 million in capital expenditure credits...
...annual payroll for the proposed campus would [be]...nearly $100 million less than what Department of Administration Secretary Scott Neitzel estimated at the bill hearing last week.
State and local governments also would lose nearly $50 million in sales tax revenue...As I said on Facebook a few minutes ago:
I don't mean to be flip about it, but this is what my buying and financing a limited edition Lamborghini to garage at my Beverly Hills mansion would do to my finances.And remember that in a post yesterday, I gave plenty of reasons not to trust what Walker was saying about Foxconn: