BusinessQuiet 86d · day 86
Virginia county projects $1.3B in tax revenue from its 250 data centers
County's FY2027 budget shows data-center equipment and property taxes will supply 40% of total revenue.
What to know
- The county expects $1.3 billion in tax revenue from about 250 data centers in its 2027 fiscal year budget.
- That figure would account for 40% of the county's total tax revenue.
- Revenue comes from taxes on computer equipment inside the facilities plus property taxes on the land they occupy.
- The county is cited as a model other localities may follow to capture similar fiscal benefits from data-center growth.
The Virginia county government Local government publishing the FY2027 budget
The record 1 articles and posts · last 30 days