ABC system earns money, but some boards still operate at loss
Posted December 28, 2012
Updated January 2, 2013
Raleigh, N.C. — In North Carolina, hard liquor like gin and rum are sold by local ABC boards, independent units of local government overseen by a state ABC Commission. In its most recent annual report, the commission reported that between July 1, 2011 and June 30, 2012, retail liquor sales climbed 6.54 percent over the prior fiscal year. North Carolinians bought $795.4 million worth of spirits during that 12 month period, and that doesn’t count beer and wine sales. Of that $795.4 million, $300 million came to state and local government coffers.
But the report was not all good news.
Some smaller ABC systems struggle to make a profit. Of the 165 ABC boards across the state, the report says 12 operated at a loss for the most recent fiscal year. They were:
|ABC Board||County||FY12 Loss|
That’s better than Fiscal Year 2011, when 23 systems lost money on their government-run liquor monopolies.
Wake County, one of the state’s largest ABC boards, and the system's most profitable, sold $89.8 million during the fiscal year ending June 30 and earning a 16 percent profit.