As a taxpayer in WI, I'm very skeptical about this, because a lot of the incentive money is going to come out of our pockets. With a factory having on average 3,000 employees at $53,000 a year (or so is said), it seems like it would take at least 8-10 years to regain those incentives based on economic return through the 10,000 or so (said) construction jobs that would span over 4 years, and then the ongoing employees. I don't think the supply chain jobs that will be directly connected to this plant will bring in as much revenue as what Scott Walker says, especially when he has a terrible track record with estimates on anything. I also believe that a lot of these construction jobs are going to be from people that will temporarily stay in WI up from Illinois to do the work. I don't think there will be a long term return on the wages paid to these workers from out of state, while state taxpayers are left to foot the bill for the incentives.
I guess we will have to wait to see on the official proposals that come out, but if history in WI has taught me anything, the numbers they're saying in terms of economic growth won't be near what they're saying (far below), while the numbers they're saying will be given out for incentives will be pretty accurate... which means WI taxpayers yet again will lose out while we struggle to keep our Badgercare programs up and running, keep our roads maintained (they're ******), and fail to secure actual revenue producing initiatives like high speed rail.
I'm not 100% against it but I'm highly skeptical.
I guess we will have to wait to see on the official proposals that come out, but if history in WI has taught me anything, the numbers they're saying in terms of economic growth won't be near what they're saying (far below), while the numbers they're saying will be given out for incentives will be pretty accurate... which means WI taxpayers yet again will lose out while we struggle to keep our Badgercare programs up and running, keep our roads maintained (they're ******), and fail to secure actual revenue producing initiatives like high speed rail.
I'm not 100% against it but I'm highly skeptical.