>> A first look
tonight at the Legislative
Fiscal Bureau's markup on the
Foxconn bill.
The nonpartisan bureau issued a
report about the long-term costs
of the state's $3 billion
incentive deal with Foxconn, a
special session bill that would
clear the way for the Taiwanese
manufacturer is making its way
through the Legislature.
The Fiscal Bureau report
detailed the incentive package
under which the state would pay
Foxconn up to $2.85 billion over
the next 15 years, and a
$150 million tax break on
construction materials.
It would also loosen
environmental regulations for
Foxconn.
The report finds state taxpayers
would not break even until the
year 2043 under best case
scenarios, and the Assembly
plans to vote on the special
session bill next week, and the
Senate referred the bill to the
Joint Finance Committee.