: News

Filed Under:

Shrinking Budget Limits Virginia Liquor Privatization Plan

Play associated audio

By Jonathan Wilson

In Virginia, Governor Bob McDonnell's liquor privatization plan got the blessing of a panel he hand-picked himself, but his proposed revenue yield continues to shrink.

A panel of the Governor's Commission on Government Reform and Restructuring voted 5-1 for a modified, downsized version of a proposal offered three weeks ago to sell Virginia's state-owned liquor monopoly.

But the administration conceded that annual revenues from privatizing Department of Alcoholic Beverage Control liquor sales would be at least $47 million short of what the state agency now collects in taxes and profit margins. In a Sept. 8 presentation, the administration estimated the decline under a privatized system would be half that amount.

Senator Mary Margaret Whipple, a Democrat from Arlington, cast the lone dissenting vote on the panel. She called the decreased revenue projections "a bit of a shock."

Faced with the dwindling revenue projections, the administration and its allies have backed off financial arguments to focus on the philosophical question of whether the state government should be selling liquor.


Rapid Learners: How Pixar Animators Created A Very Scary River

What would a small dinosaur look like in Class V rapids? That's the question Pixar filmmakers had to answer for their film The Good Dinosaur. So they piled into a raft to figure it out for themselves.

We Tried A Futuristic Cranberry. It Was Fresh And Naturally Sweet

Cranberry breeders in Wisconsin have developed a berry that's tart but also sweet, like a Granny Smith apple. They say the variety isn't ready for production but could one day become a fresh product.

Russian Military Jet Crash Heightens Debate Over Syria No-Fly Zone

Hillary Clinton, Marco Rubio and others are supporting the idea of a no-fly zone over Syria to try to help civilians there. But skeptics say it no longer has any relevance to today's Syrian crisis.

Used Rocket Is A New Breakthrough For Blue Origin's Space Plan

Blue Origin, the space company founded by Amazon billionaire Jeff Bezos, has sent a craft past the edge of space and then landed its rocket safely – and vertically — in Texas.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.