Pa Liquor Control Board posts record revenue

Pa Liquor Control Board boasts record revenue

Record revenue for Pa Liquor Control Board

The Pa Liquor Control Board (PLCB) today announced revenue at Fine Wine & Good Spirits stores reached $2.24 billion in Fiscal Year 2013-14, a $67 million or 3.2 percent increase compared to FY 2012-13.  The PLCB paid a record $526 million in liquor tax, sales tax and transfers to the General Fund, a year-over-year increase of $13 million.  The agency also remitted $8.3 million in local taxes to Philadelphia and Allegheny counties.

Retail wine sales at Fine Wine & Good Spirits stores showed the strongest growth – a 3.7 percent increase – driven by the Chairman’s Selection® program, which experienced a 5.6 percent increase in sales. Retail spirits sales also increased by 3.7 percent, while overall licensee sales increased by a more modest 0.7 percent.

Pennsylvania Gov. Tom Corbett continues to work on a plan to change the state’s system of liquor stores.  Corbett fought for liquor privatization and pension changes during last year’s budget negotiations but wasn’t able to get them through the Legislature.

Source:  http://www.bizjournals.com/philadelphia/prnewswire

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