Virginia revenues surge amid data center debate

Virginia revenues surge despite job losses amid budget standoff

The Virginia General Assembly Building in Richmond. (Photo by Shannon Heckt/Virginia Mercury)Virginia’s economy is showing increasing signs of strain from slower job growth, rising inflation and weakening consumer confidence, even as state revenues continue exceeding expectations and giving lawmakers more room to negotiate a stalled state budget, Virginia Secretary of Finance Mark Sickles said Tuesday.  Presenting the administration’s latest eco…

Virginia revenues surge amid data center debate

(The Center Square) – Virginia revenues are running hundreds of millions of dollars ahead of forecast, but lawmakers warned Tuesday that slowing job growth, inflation and uncertainty tied to healthcare and federal funding are still creating pressure on Virginia’s budget…

Sinema: Virginia is chasing away the industry that built its economy

Brookfield’s Compass Datacenters announced last month that it was abandoning 800-plus acres of planned data-center campus in Prince William County. It was the lynchpin of a more than 2,100-acre data center campus that was planned. A debate among Virginia politicians about the size of the tax breaks the data-center industry would receive “cemented executives’ resolve to walk away.” Compass was a casualty of a broader political shift. A recent Was…