We now know where $1.8 billion in disposable income went during the past fiscal year in Pennsylvania.Sales at Pennsylvania's state-operated Wine & Spirits stores reached a record $1.84 billion in fiscal year 2008-09, generating more than $494.5 million in sales tax, liquor tax and profits for the commonwealth's General Fund, Patrick "P.J." Stapleton III, chairman of the Pennsylvania Liquor Control Board, said today.
From a press release:
"We are fortunate that sales at our Wine & Spirits stores continue to rise, even as the economy slows," said Stapleton. "Our success is all the more important to Pennsylvania taxpayers when you consider the $494.5 million in taxes and profits the Liquor Control Board transferred to the General Fund to help pay for essential services, such as public safety, education, transportation and health care."Wait a minute. Is Stapleton encouraging Pennsylvanians to drink more alcohol in order to get the state out of its current fiscal crisis? Sure sounds like it.
More from the Pennsylvania Liquor Control Board:
For the fiscal year ended June 30, the agency collected $265.9 million in liquor taxes and $103.6 million in sales taxes and transferred $125 million of store profits to the state Treasury. The total of $494.5 million transferred to the General Fund is the largest amount in agency history.Originally posted at TONY PHYRILLAS
"In 2009-10, Pennsylvanians will continue to see significant changes in the way our stores operate, and the Liquor Control Board will remain fully committed to fulfilling this mission," Stapleton said. "We will keep changing for the better to benefit all Pennsylvanians."
