As the budget impasse in Harrisburg drags on, some Republican lawmakers and others insist that privatizing the Pennsylvania Liquor Control Board must be a part of a budget solution and some grand political compromise. Basic math and good business sense dictate otherwise.

Consider, for starters, that the LCB generates significant revenue for this state. In the fiscal year that ended in June, the LCB provided roughly $585 million to taxpayers in taxes, profits, and other transfers, according to the LCB's preliminary figures.

The agency's $2.3 billion in sales is a record and represents a 4 percent increase over the previous year.

Breaking this asset up simply would not create the windfall that some have promised, according to an analysis prepared by Public Financial Management and commissioned by former Gov. Tom Corbett.

Read the full article

Leave a comment: