The General Assembly needed more time to produce a two-year budget by the end of June, so it may be fitting that revenue is slow to arrive under a new tax on data center electricity consumption that was the cornerstone of the budget compromise between the House of Delegates and the Senate.
The State Corporation Commission told the Senate budget committee Tuesday that the new data center electricity consumption tax should have generated about $100 million in new revenue in the first two months, but the state ultimately collected about $26 million for power use in July and August.
Read the full story in the Richmond Times-Dispatch.
