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ABC system earns money, but some boards still operate at loss

Of the state's 165 local ABC boards, 12 operated at a loss in FY 12, down from 23 that lost money selling liquor in FY 2011.

Posted Updated

By
Mark Binker
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 BoardCountyFY12 LossValdese Burke$20,240Mount PleasantCabarrus $4,472CooleemeeDavie$13,206Bessemer City Gaston$4,222Gates  Gates County$3,595CantonHaywood$8,245TryonPolk$24,769MaxtonRobeson$4,697Garland Sampson$1,098NorwoodStanly$4,605WingateUnion$17,683BurnsvilleYancey $2,090That’s better than Fiscal Year 2011, when 23 systems lost money on their government-run liquor monopolies. 
These problems have had the attention of the General Assembly's Program Evaluation Division and related problems have made news as well.

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.

 

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