1 of 1
Story summary
- Gov. JB Pritzker halted new data-center tax incentives on July 1, keeping existing incentives.
- The Economic Policy Institute and University of Illinois project $57 billion in data-center investments through 2035.
- The study forecasts about 121,000 jobs, of which only 2,800 are permanent.
- Annual property tax could reach $300 million, potentially cutting local rates 3%–10% without abatements.
- Data centers may raise residential electric bills $12 per month and increase grid costs about 10%.
