MADISON, Wis. (AP) — Wisconsin’s economic development agency is checking on nearly $66 million in discrepancies in tax credits awarded and actual jobs created.
The Wisconsin State Journal reports Friday that officials with the Wisconsin Economic Development Corp. are still working to understand the scope and magnitude of the problem.
Agency officials said at a Thursday meeting they have identified inaccuracies in how the agency counts the number of jobs a company creates that qualify for tax breaks. The board discussed few details before going into closed session.
The Legislature ended the state’s jobs tax credit and economic development tax credit programs in December. The agency has been under close scrutiny after a series of critical audits and reports about failed loans and unmet job promises.