January 20 — Record profits chalked up by Virginia ABC stores may have sounded the final death knell for Gov. Bob McDonnell’s proposal to privatize the state’s liquor stores. While the plan to turn over liquor sales to the private sector appealed to some who wanted to reduce the size of government, the proposal was a loser for the state budget.
The Virginia Department of Alcoholic Beverage Control reported recently the agency has seen retail sales increase to record levels for the past 13 years. The agency said it saw a record profit of $121 million in the past fiscal year that ended June 30 and has contributed more than $1.5 billion to the state’s general fund during the past five years