The Wisconsin Assembly sent a $3 billion incentive package for Taiwan-based Foxconn to Gov. Scott Walker this week, signing off on a deal to lure the electronics giant to the state with the biggest subsidy to a foreign company in US history.
The electronics-maker could receive up to $2.85 billion in cash from state taxpayers under the deal, which would make it the largest incentive package for a foreign company in USA history.
They also cited a study by the Legislature's nonpartisan fiscal bureau projecting state government will take 25 years to make back its investment on Foxconn. Two GOP Assemblymen voted against the plan. If Fitzgerald could get one of those senators to change his mind and support the Assembly package, he'd have enough G-O-P votes to pass the budget in its current form. The budget was due July 1 but Republicans spent the summer quarreling among themselves over how to pay for roads before finally arriving at a plan to delay projects, borrow $400 million more and increase registration fees for hybrid and electric vehicles by $100.
The vetoes promised by Governor Scott Walker include moving up a complete repeal of the state's prevailing wage law from next fall to when the budget is signed, making changes to a provision that restricts when school districts can hold referenda votes, and removing language that would have expanded the authority of the controversial Public Financing Authority.
All Assembly Republicans and four Democrats voted for the bill.
Assembly Democrats, speaking before the session, said the budget shows Republicans' priorities by "rigging" the state's economy to favor the wealthy.
Vos threatened Thursday that his chamber would not consider the budget again if the Senate made changes to it.
The Assembly passed the bill Thursday on a 64-31 vote, sending it to Gov. Scott Walker.
Walker said Wednesday that the budget would fulfill his goal of increasing funding for K-12 schools without increasing property taxes.
Democrats spoke out Wednesday before the Assembly was to vote on the $76 billion spending plan. They are Democratic Minority Leader Peter Barca, Cory Mason, of Racine, and Tod Ohnstad, of Kenosha.
Foxconn also pledged to make extensive use of the supply chain in the state to make Wisconsin "a center of worldwide high-tech manufacturing". Republican Assembly Majority Leader Jim Steineke blasted the Senate holdouts on Twitter saying, "Let me be as clear as I can". Walker also said he would support finding more savings at the Department of Transportation to win votes for the budget.