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Published on Friday, January 15, 2016

City priority liquor revenue bill introduced

One of AWC’s major priorities is to restore the historic liquor profit sharing formula that was eliminated by the Legislature following liquor privatization. The House version of our priority bill has been introduced, HB 2438, and we expect the Senate companion to be introduced soon. The proposal gradually restores city and county liquor profits by increasing the local share by $2.5 million per year beginning in state fiscal year 2018 until the historic profit sharing formula is restored in state fiscal year 2024. The proposal has no impact on the state’s 2015-17 budget and a modest ($7.5 million) impact on the state’s 2017-19 budget.

For more information on this proposal and background on city liquor revenue, check out our City Liquor Revenue Issue Brief.

Categories: Budget & finance