: News

ABC Privatization Proposal Overestimates Revenue

Play associated audio
Gov. Bob McDonnell's proposal to privatize liquor sales in Virginia projected greater revenue than is realistic, according to an audit report.
http://www.flickr.com/photos/drbeachvacation/
Gov. Bob McDonnell's proposal to privatize liquor sales in Virginia projected greater revenue than is realistic, according to an audit report.

A legislative review of Gov. Bob McDonnell's proposal to get Virginia out of the liquor business says profits from the sale have been overstated by tens of millions of dollars.

The Joint Legislative Audit and Review Commission report says McDonnell's staff painted too rosy a picture when it released its estimates.The current proposal calls for the auction of 1,000 retail licenses and the sale of wholesale licenses and various state liquor assets.

McDonnell originally estimated ending the 76-year monopoly could generate nearly $500 million for transportation projects. The governor later revised that figure to read: "the state would get $47 million less then what it get now."

Virginia Senate Majority Leader Richard Saslaw told the Alexandria City Council the ABC privatization proposal would not even cover "the cost of an overpass in Tysons Corner."

Saslaw says McDonnell should drop the proposal.

NPR

Writer James Alan McPherson, Winner Of Pulitzer, MacArthur And Guggenheim, Dies At 72

McPherson, the first African-American to win the Pulitzer Prize for fiction, has died at 72. His work explored the intersection of white and black lives with deftness, subtlety and wry humor.
NPR

QUIZ: How Much Do You Know About Presidents And Food?

It's week two of the party conventions, and all these speeches are making us hungry. So we made a quiz to test your savvy about presidents and our favorite topic, food.
WAMU 88.5

Your Turn: Ronald Reagan's Shooter, Freddie Gray Verdicts And More

Have opinions about the Democratic National Convention, or the verdicts from the Freddie Gray cases? It's your turn to talk.

NPR

Trump's Cyber Comments Rouse The Democrats

As they bolster their case that Hillary Clinton is ready to be commander in chief, Democrats are seizing on Donald Trump's comments seemingly encouraging Russia to use cyber-espionage against Clinton.

Leave a Comment

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