PENNSYLVANIA INDEPENDENT: Pennsylvania’s politicians may be saddling the state-owned liquor monopoly with obligations that it can’t long fulfill.
As two separate GOP privatization plans — one in the House and one in the Senate — lay in wait, public documents make clear that the state has consistently overestimated how much the Pennsylvania Liquor Control Board, or PLCB, can afford to remit to the Treasury.
Financial statements made public by the PLCB and examined by PA Independent show that between the three fiscal years of 2008-09 and 2010-11, the Governor’s Budget Office and Legislature under former Gov. Ed Rendell, overestimated by $49.2 million how much in profits Pennsylvania’s 600 liquor stores could transfer to the Treasury… (more)
