Pennsylvania liquor stores announce record revenues
The Pennsylvania Liquor Control Board, which owns the state’s wine and spirit stores, announced Monday it earned record retail revenue and net income in fiscal year 2012 through 2013.
Revenues from the state’s Fine Wine and Good Spirit stores reached $2.17 billion during that time period, a $93 million – or 4.5 percent – increase over the previous fiscal year.
The PLCB also paid into the state General Fund a record $512 million in sales, liquor and transfer taxes, an increase of $18 million from fiscal year 2011 through 2012.
The Liquor Control Board noted it saw the biggest increase in retail wine sales.
State Sen. Jim Ferlo (D–Allegheny County) used the announcement to in a release tout his proposed Senate Bill 800, which would, rather than abolish the state-owned liquor sales system, allow the PLCB to operate “more like a successful retail operation” to best benefit consumers and the state.
“Pennsylvania is second only to Texas in revenue from the sales of wine and spirits, and today’s news reinforces the success and staying power of our existing liquor sales structure,” Ferlo said in a release, noting his legislation will both modernize and protect Pennsylvania’s wine and spirit stores while allowing direct wine shipments to consumers.
“I hope that the news of a jump in wine sales will help advance this issue, desired by consumers, to finality,” he said.
“The liquor privatization issue is far from settled in Harrisburg. I hope that my fellow lawmakers will see today’s news from the LCB, recognize its success, and do whatever necessary to safeguard this vital public asset.”
The Pennsylvania Senate is expected to continue working on liquor-related legislation when it reconvenes in September.