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Pa. Liquor Control Board posts $114 million net loss in fiscal 2017
Philadelphia Inquirer via Philly.com ^
| September 28, 2017 — 7:51 PM EDT
| Harold Brubaker
Posted on 10/01/2017 9:12:13 AM PDT by Olog-hai
After paying $216.7 million into the states general fund in the year ended June 30, more than twice the $100 million paid to help fund state operations the year before, the Pennsylvania Liquor Control Board had a bottom line loss of $114.3 million, according to the agencys latest financial results.
Despite the strain from larger-than-usual payments to the state, the agencys spokeswoman pointed out that its cash and short-term investments were only $66 million lower on June 30, despite the additional $117 million contributed to the states coffers.
The PLCB board told legislators that they are comfortable with a $185 million contribution in the current fiscal year.
(Excerpt) Read more at philly.com ...
TOPICS: Business/Economy; Culture/Society; Government; US: Pennsylvania
KEYWORDS: biggovernment; liberalagenda; liquorboard; liquorcontrol; paping; plcb
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1
posted on
10/01/2017 9:12:13 AM PDT
by
Olog-hai
To: Olog-hai
Only government could lose money selling booze.
Reminds me of the whorehouse in Nevada they managed to run into bankruptcy.
L
2
posted on
10/01/2017 9:13:34 AM PDT
by
Lurker
(President Trump isn't our last chance. President Trump is THEIR last chance.)
To: Olog-hai
How the heck did they do that?
3
posted on
10/01/2017 9:14:30 AM PDT
by
Nifster
(I see puppy dogs in the clouds)
To: Olog-hai
It takes a special kind of corrupt incompetence to lose millions running a liquor monopoly. People should think of this any time they begin saying, “The government should ...”
4
posted on
10/01/2017 9:15:34 AM PDT
by
Tax-chick
("What comes after diversity is the grim uniformity of Islam." ~Mark Steyn)
To: Nifster
Short-term investments?! WTH are those idiots doing with the money they collect?
5
posted on
10/01/2017 9:16:15 AM PDT
by
mewzilla
(Was Obama surveilling John Roberts? Might explain a lot.)
To: Nifster
Drank up all the profits .... ur something
6
posted on
10/01/2017 9:16:51 AM PDT
by
hoosiermama
(When you open your heart to patriotism, there is no room for prejudice.DJT)
To: Olog-hai
Does PA own all the liquor stores?
7
posted on
10/01/2017 9:17:09 AM PDT
by
Artemis Webb
(Maxine Waters for House Minority Leader!!)
To: mewzilla
8
posted on
10/01/2017 9:20:14 AM PDT
by
mewzilla
(Was Obama surveilling John Roberts? Might explain a lot.)
To: Lurker
“Only government could lose money selling booze.”
This. They have a monopoly controlling one of the most in demand products in human history, and they LOSE MONEY? HOW?
9
posted on
10/01/2017 9:20:18 AM PDT
by
ctdonath2
(It's not "white privilege", it's "Puritan work ethic". Behavior begets consequences.)
To: ctdonath2
How does Venezuela go bankrupt when they literally are pumping money out of the ground 24/7? Government corruption
10
posted on
10/01/2017 9:23:03 AM PDT
by
LukeL
To: Lurker
Hookers and Booze. OnlY the government could be so incompetent. He’ll they are so screwed up they could fall into a barrel full o’ titties and come outsucking on a pecker.
11
posted on
10/01/2017 9:28:59 AM PDT
by
Autonomous User
(During times of universal deceit, telling the truth becomes a revolutionary act.)
To: Olog-hai
12
posted on
10/01/2017 9:38:46 AM PDT
by
P.O.E.
(Pray for America)
To: Artemis Webb
To: Tax-chick
” It takes a special kind of corrupt incompetence to lose millions running a liquor monopoly. People should think of this any time they begin saying, The government should .”
Get the stinking government out of it. Let the mafia run the liquor business in Pennsylvania. Even with the skim they would make a profit for the state.
To: Bonemaker
Quite so. Think of any dysfunction in society. It will be made worse by putting government in charge.
15
posted on
10/01/2017 9:47:53 AM PDT
by
Tax-chick
("What comes after diversity is the grim uniformity of Islam." ~Mark Steyn)
To: Bonemaker
I hope you’re being facetious about that false dilemma.
16
posted on
10/01/2017 9:49:33 AM PDT
by
Olog-hai
("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
To: Olog-hai
What amendment grants any government the right to regulate any business, drug or otherwise?
We have surrendered our God given instinctual rights to self preservation to the learned men. Men so learned that they ignore the fact of their destination if they're not following Yashua.
17
posted on
10/01/2017 9:57:15 AM PDT
by
rawcatslyentist
(TETELESTI Read em and weep Lucy! Yer times almost up.)
To: Olog-hai
let me get this straight, they have NO material costs, NO manufacturing costs, NO shipping costs and NO TAXES(since they are the tax) eating into their profits, and they still lost money???
only in America...
18
posted on
10/01/2017 10:05:51 AM PDT
by
Chode
(You have all of the resources you are going to have. Abandon your illusions and plan accordingly.)
To: Chode
Well, not only. But it does get reported in America, for the time being.
19
posted on
10/01/2017 10:12:36 AM PDT
by
Olog-hai
("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
To: rawcatslyentist
I wouldn’t say “surrendered”. Out of public ignorance, they were surreptitiously stolen.
20
posted on
10/01/2017 10:13:27 AM PDT
by
Olog-hai
("No Republican, no matter how liberal, is going to woo a Democratic vote." -- Ronald Reagan, 1960)
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