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Alabama approves increase to liquor markup

The Alcoholic Beverage Control Board recently approve an increase of 5 percentage points in the markup on liquor. A move that will add about one dollar to the price of a $30 standard liquor bottle. The three-member board approved the increase with no dissent, the new pricing increase will take effect on November 1st.

The increase is expected to generate approximately $8.2 million during the next budget year. That money has already been earmarked for state district attorneys and the state court system, which have seen their general fund appropriations reduced in recent years. In a bit of good news, the earmarks apply only for the first year.

Source: AI.com, June 2017