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(Reuters) - Wisconsin Governor Scott Walker on Tuesday proposed a plan that would help fund a new arena for the National Basketball Association's Milwaukee Bucks by tapping into expected growth in players' income tax payments. The Republican governor said his first-of-its-kind plan, dubbed "Pay Their Way," would spur economic growth while ensuring taxpayers would not be left picking up the tab. The plan would create a nine-member sports and entertainment district to pay off $220 million of new state appropriation bonds using growth in income taxes paid by members of the Bucks and visiting NBA teams due to salary increases and new television contracts. Current tax collections from those sources would not be used for bond payments. The bond proceeds would be contingent on the team's ability to secure the remaining $300 million for the arena.
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