From the MORNING CALL:
State wine and liquor store profits jumped $30.2 million in the last year, but fell short of a targeted contribution to the state’s budget for a third year in a row.
As lawmakers prepare the latest push for legislation to auction off the state’s booze business, the Liquor Control Board released newly audited figures that show an $83.7 million operating profit on a record $1.6 billion in sales for its July 2010 through June 2011 fiscal year.
The operating profit figure is the closest thing to a bottom line for the state stores, and gives privatization supporters an idea of how much annual revenue they would need to replace with license fees or other income to avoid hurting state coffers…
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