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Pennsylvania Liquor Control Board reports record sales

The Pennsylvania Liquor Control Board (PLCB) last month released unaudited financial results for fiscal year 2016-17 that showed record retail sales of $2.53 billion. That number represents $95.5 million in additional revenue, a 4 percent increase over the prior year which also was a retail sales record. The PLCB regulates the distribution of beverage alcohol in Pennsylvania, operates more than 600 wine and spirits stores statewide and licenses more than 20,000 beverage alcohol producers and retailers.

PLCB contributions to state and local government beneficiaries totaled $765 million for the fiscal year, an increase of $138.4 million which is an amazing increase of over 22 percent from the previous year. The PLCB contributions go to the state’s general fund, which finances Pennsylvania’s schools, health and human services programs, law enforcement, and public safety initiatives. The general fund received $720 million from the PLCB, $362 million in liquor tax, $142 million in state sales tax and $217 million in cash transfers.

Source: Fox 43, September 2017