The Virginia Alcoholic Beverage Control Authority has zero expectations for revenue growth from the state liquor monopoly this year.

It doesn’t get much better next year, when ABC projects 1% growth, before increasing to 1.7% in the fiscal year that will begin on July 1, 2026.

The dispiriting forecast that the ABC Board of Directors approved on Thursday is much different than the one Gov. Glenn Youngkin submitted last November to the Governor’s Advisory Council on Revenue Estimates. That forecast assumed revenue growth of 5% each year, as did the budget that ABC approved 14 months ago under direct order from Youngkin to boost net profit margins by cutting spending and operating expenses.

Read the full story in the Richmond Times-Dispatch.