Racine County Weighs Sales Tax For Foxconn Incentive Package:Report

RACINE COUNTY, WI — As local public officials weigh a sales tax hike to pay for infrastructure upgrades to accommodate a future Foxconn electronics plant, there is staggering news from Racine's neighbors to the south.

According to the Milwaukee Business Journal, after an open records request was filled with officials in Kenosha County, details of their unsuccessful incentive package have come to light.

The business Journal reports that Kenosha's total incentive package was $291.3 million, and included five puses , new police and fire stations, an airport customs office and a bevy of public works projects.

According to the report, officials in Racine County are weighing a sales tax hike to fun Racine's own incentive package.

Racine's Potential Sales Tax

The details of Racine's incentive package have yet to be released. It stands to reason, however, that if Kenosha's $291.3 million incentive package failed to lure the company to their county, that Racine's incentive package will contain some significant figures as well.

M.T. Boyle, Racine County chief of staff, issued a statement on ongoing negotiations:

“Racine County is carefully evaluating numerous funding options to support the once-in-a-generation investment being considered by Foxconn and the unprecedented benefits that investment would bring to Racine County residents. At this preliminary stage of exploration, it would be premature to comment on specifics. However, it is important to note that as we consider all of our options, we will continue to maintain our commitment to fiscal conservatism and to ensuring the best deal for county taxpayers.”

Read more about Kenosha's incentive package here: https://www.bizjournals.com/mi...

--------
image via wikipedia creative commons