Walker hails $10b Foxconn pledge; MJS says it's 'at least $9b'

I asked on this blog yesterday why the $10 billion investment which Scott Walker said repeatedly that Foxconn had pledged to spend on its project in order to receive $3.74 billion in state and local subsidies was recently reported as an investment of "at least $9 billion."

To get the full tax credits and an additional $150 million in sales tax savings, Foxconn would have to spend at least $9 billion on the plant and essentially employ 13,000 workers from 2022 through 2032.

I heard Walker on the radio this afternoon bellow the $10 billion figure to the crowd at the contract signing - - but I see again that the Journal Sentinel is reporting the qualifying spending at a billion dollars less:

The company would have to spend at least $9 billion on its production complex. It also would be eligible for $150 million in sales tax savings.

What happen to that billion bucks, a subtraction that raises the relative value of the benefits in Foxconn's favor, and why won't Walker acknowledge it?

If this is my mistake or misunderstanding, let me know.

Full Foxconn archive post, here.