$869.7 million contributed to state and local governments and other beneficiaries
Harrisburg – The Pennsylvania Liquor Control Board (PLCB) today released unaudited financial results for fiscal year 2022-23, with wine and spirits sales topping $3.15 billion.
Sales in the most recently completed fiscal year totaled $3.15 billion (including liquor and sales taxes), $133 million or 4.5% more than the prior year. This resulted in net income for the year totaling $260.8 million, which was $70.1 million or 21% less than the prior fiscal year. Increases to PLCB's pension and workers' compensation obligations were the biggest contributing factors to the decrease in net income.
Contributions to state and local governments and other beneficiaries totaled $869.7 million for the fiscal year.
Contributions to the General Fund, which finances Pennsylvania's schools, health and human services programs, law enforcement, and public safety initiatives, among other important public services, totaled more than $813.5 million. General Fund contributions consisted of the following:
- $450.8 million in liquor tax;
- $177.6 million in state sales tax; and
- $185.1 million in cash transfers.
Other PLCB contributions over the course of the fiscal year included the following:
- $32.3 million to the Pennsylvania State Police for liquor control enforcement efforts;
- $11.5 million in local sales taxes to Philadelphia and Allegheny counties;
- $4.3 million in licensing fees returned to local municipalities; and
- $5.2 million to the Department of Drug and Alcohol Programs.
Additionally, the PLCB authorized $1.8 million in grants in fiscal year 2022-23 in support of Pennsylvania's beer and wine industries and awarded nearly $1.7 million in alcohol education grants during the year to reduce underage and dangerous drinking.
The PLCB is the only commonwealth enterprise fund whose financials are separately reported in accordance with Generally Accepted Accounting Principles. Fiscal Year 2022-23 ran from July 1, 2022, through June 30, 2023.
The PLCB regulates the distribution of beverage alcohol in Pennsylvania, operates 600 wine and spirits stores statewide, and licenses 20,000 alcohol producers, retailers, and handlers. The PLCB also works to reduce and prevent dangerous and underage drinking through partnerships with schools, community groups, and licensees. Taxes and store profits – totaling nearly $20.3 billion since the agency's inception – are returned to Pennsylvania's General Fund, which finances Pennsylvania's schools, health and human services programs, law enforcement, and public safety initiatives, among other important public services. The PLCB also provides financial support for the Pennsylvania State Police Bureau of Liquor Control Enforcement, the Department of Drug and Alcohol Programs, other state agencies, and local municipalities across the state. For more information about the PLCB, visit lcb.pa.gov.
MEDIA CONTACT: Shawn M. Kelly, 717.303.8522
# # #