Prince William data center tax hike would benefit schools, Fredericksburg region –

Prince William data center tax hike would benefit schools, Fredericksburg region –

Prince William
WOODBRIDGE — Prince William County leaders are aiming to hike taxes on data centers, hoping the new funds will help the county shed its bedroom community reputation and become a destination to live, work, and play.Board of County Supervisors Chairman At-large Corey Stewart, a Republican who recently ran a failed U.S. Senate campaign against Democrat Tim Kaine, proposes raising the current tax rate on data centers from $1.25 to $2, netting an additional $9.6 million annually.The money would be used to increase funding for schools and mental health services. It would also provide real estate tax relief for residents and businesses, reducing the county’s real estate property tax rate by $1.115, according to a press release.Stewart compared Prince William to Loudoun County, which generates $300 million annually from their data center tax, he said.“Putting the data center tax and funds collected into perspective,  Prince William County’s data center tax rate is about 1/4th the rate in Loudoun and we collect less than $30 million annually”, states Stewart in a press release.If approved, the data center tax would eventually double over the next five years.
The proposal calls for a 75-cent increase in the data center rate from $1.25 to $2 in the first ....

Economic Development Director John Holden did not provide any names of data center companies county leaders claim to be in talks with.There are more data centers in Northern Virginia than anywhere else in the world, according to a report from the Northern Virginia Technology Council. A new fiber line that will support even more data centers now runs from Loudoun County, through Prince William and Stafford counties south to Virginia Beach....
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