As Gov. Abigail Spanberger prepares her first budget, she won’t be able to rely on Virginia’s liquor monopoly to produce as much profit as expected, as alcoholic beverage sales continue to plummet and the state closes stores to cut operating costs.
The Virginia Alcoholic Beverage Control Authority approved a new six-year forecast last week that shows net profits falling sharply in the fiscal year that began on July 1 and declining for the next two years before reversing course in 2030.
Read the full story in the Richmond Times-Dispatch.
