Billboard rotation on display entities is applied before translation

The bill boarding of display entities is applied before the translation, causing them to be off center.

How to reproduce
1. Run /summon minecraft:text_display ~ ~ ~ {text:'{"text":"I am off center \:("}',billboard:"center"}
2. Run /data merge entity @e[type=minecraft:text_display,limit=1,sort=nearest] {transformation:{translation:[0.0f,10.0f,0.0f]}}