he Virginia Alcoholic Beverage Control Authority failed again on Wednesday to adopt a revised financial forecast to reflect declining sales revenues that have created an estimated $110 million shortfall in profits that the authority had promised for the pending two-year state budget.
Interim CEO Tom Kirby did not ask the authority board of directors to adopt the revised forecast for the second time this month, noting that Gov. Glenn Youngkin and the General Assembly had not asked for further updates since the scope of the projected shortfall became public on March 19.
Read the full story in the Richmond Times-Dispatch.
