Data center agreement reached in Virginia budget

Name: Data center agreement reached in Virginia budget
Uploaded: 2026-06-24T21:50:54.000Z
Duration: 1 min 38 s
Description: Virginia lawmakers have reached a budget agreement concerning data centers. The compromise imposes an annual fee of up to $600 million on data centers, replacing a previous $1.8 billion tax break. An economist suggests this may be the best agreement for the state.

News Clip1:3813News Now·VA·6/24/2026

Virginia lawmakers have reached a budget agreement concerning data centers. The compromise imposes an annual fee of up to $600 million on data centers, replacing a previous $1.8 billion tax break. An economist suggests this may be the best agreement for the state.

government

Gov: Virginia State Lawmakers

Some state lawmakers worry that reneging on the data center $1.8 billion tax break in Virginia would send the wrong message to businesses. But the state budget compromise imposes up to a $600 million fee annually. Is that just as concerning? We speak to an economist on why he feels that may be the best agreement.

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