Virginia budget negotiators are nearing a deal to ensure that the state will have a new two-year spending plan in place on July 1, but they haven't completed work on how they would tax data centers to generate additional money to pay for state services.
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Senate Finance Committee Chair Louise Lucas, D-Portsmouth, and House Appropriations Chairman Luke Torian, D-Prince William, are seen in 2024. Lucas and Torian confirmed on Thursday that members of the budget conference committee have reached an agreement in principle on a budget, with less than two weeks before the current budget expires on June 30.
Richmond Times-Dispatch special report: Data centers in Virginia
Before data centers became a central topic of Virginia's budget debate, the Richmond Times-Dispatch last year took a deep dive into the topic, resulting in a three-day series on data centers and the key issues they pose. Read it all below.
Proponents say data centers bring localities enormous revenues and opportunities. Opponents raise concerns about their big demands for power and compatibility with neighborhoods.
Data center developers are now eyeing the Richmond area. While counties welcome the sites' tax revenues, residents' concerns have prompted developers to withdraw some proposals and Henrico imposed further oversight.
These buildings that house key IT infrastructure are big, expensive and need a lot of energy but promise big revenues for localities.
The state's telecommunications infrastructure, tax breaks, workforce and officials' welcoming attitude have helped make Virginia the world's data center capital.
The 451 now running in Virginia, home to the largest concentration of data centers in the world, currently use 3,583 megawatts, or enough electricity to power nearly 896,000 homes.
Virginia’s data center boom means new terms to understand. Here are some key words and phrases.
The state's data center boom is the subtext to increasingly intense politicking over longtime Virginia issues — climate change, electricity rates and the powers of local governments.
President Donald Trump has issued a series of executive orders removing barriers to expanding the electric grid's ability to serve data centers necessary to advance artificial intelligence and other power-hungry technologies.
