Shrinking Budget Limits Virginia Liquor Privatization Plan | WAMU 88.5 - American University Radio

: 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.

NPR

Before You Take A Bite Of That Mushroom, Consider This

Guess what scientists found lurking inside a common-looking packet of supermarket porcini? Three entirely new species of fungi. That's what happens when you DNA sequence your dinner.
NPR

Before You Take A Bite Of That Mushroom, Consider This

Guess what scientists found lurking inside a common-looking packet of supermarket porcini? Three entirely new species of fungi. That's what happens when you DNA sequence your dinner.
NPR

Move To Curb U.S. Corporate Tax Dodges Could Delay Reform

Business and consumer groups say Congress needs to reform taxes, but few expect change soon. In fact, Treasury's tweaks to tax law may diminish the political will to address broader tax reform.
NPR

Seeking Frugal Tech Solutions For Nairobi's Jammed Traffic

Traffic in major cities in the developing world can be a mind-numbing mess. A team at IBM in Kenya's capitol thinks it's found an answer.

Leave a Comment

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