Episode Details

Virginia’s state budget teeters on collapse with July 1st looming, locked in a bitter standoff over $2 billion in annual tax breaks for massive data centers. Lawmakers from both parties are divided—some Democrats now joining Republicans in questioning the cost, while others argue these incentives were promised to lure business. The stalemate risks damaging Virginia’s reputation as a reliable investment destination. But there’s a breakthrough: Senate leaders hint at a deal by week’s end, possibly involving an electricity-based fee to make data centers pay their fair share—offering a last-minute chance to avoid shutdown and get the budget done.

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