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VoteJun 24, 2026
8d23h39m
The Hanover Framework
Hanover County · Data Center Fiscal Accountability
The Framework

Four mechanisms. One binding rule.

The Hanover Framework isn't a wish list. It's four specific actions the Board of Supervisors can take, one vote, one resolution, one escrow requirement, one dashboard, that turn projected data center revenue into guaranteed resident relief.

Ask01of 04

Adopt the full $3.00 rate on June 24, 2026.

"Up to $3.00" is the ceiling, not the target. Anything less leaves money on the table that could lower residential taxes here.

Henrico adopted $2.60 in 2024 and generated $13.6M in net revenue in its first year. Hanover's current rate of $0.45 is roughly one-sixth of Henrico's. Adopting the full $3.00 puts Hanover in the same league as the region's most aggressive data center jurisdictions, and creates the surplus that funds resident relief.

Ask02of 04

Adopt a Net Surplus Resident Relief Resolution before the first data center comes online.

Fifty percent of audited net data center surplus flows directly to Hanover residents as rate cuts or rebates. The other half funds capital, stabilization, and operations.

No resolution, no guarantee. Right now, nothing legally requires a single dollar of data center revenue to reach a resident. The Hanover Framework changes that with a binding resolution that operates every year, audited, with thresholds that trigger automatic resident relief.

Ask03of 04

Require a 15% revenue-guarantee escrow from developers, before Certificate of Occupancy.

Developers post cash or a letter of credit equal to 15% of projected first-year equipment tax revenue. If actual revenue falls short, residents are made whole from the escrow.

Data center tax assessments are volatile. Equipment depreciation schedules, retroactive abatements, and partial-year occupancy can all undercut projected revenue. A 15% escrow converts paper projections into real protection for the County's general fund, and by extension, for residents.

Ask04of 04

Tie rate cuts to audited thresholds, published on an annual public dashboard.

Every rate reduction is triggered by audited, verified dollars. Every project's revenue, escrow status, and resident impact is posted in a public dashboard the County updates annually.

Transparency is the enforcement mechanism. A dashboard with project-by-project revenue, escrow balances, and resident relief delivered makes the framework self-policing. Residents can see exactly where the money comes from and where it goes.

Implementation

Who does what, and by when.

Each mechanism has a clear owner, a clear deadline, and a clear deliverable. No ambiguity.

  • 01
    Step

    Adopt the rate

    Who Board of SupervisorsWhen June 24, 2026

    Vote to set the data center equipment tax at the full $3.00 per $100.

  • 02
    Step

    Adopt the resolution

    Who Board of SupervisorsWhen Before first data center online (2027)

    Pass the Net Surplus Resident Relief Resolution. 50/25/15/10 split: residents, capital, stabilization, operations.

  • 03
    Step

    Require the escrow

    Who Planning Commission + County AttorneyWhen Before any Certificate of Occupancy

    Developer posts 15% revenue-guarantee escrow, approved by County Attorney.

  • 04
    Step

    Build the dashboard

    Who County Administration + ITWhen Within 6 months of first data center online

    Public, audited, project-by-project: revenue, escrow, resident relief delivered.

Ready to make this real?

The vote is Wednesday, June 24. Email your supervisor today.

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