Va. Private Booze Plan Advances; Revenue Yield Shrinks

September 30, 2010

Gov. Bob McDonnell's liquor privatization plan got the blessing of his hand-picked panel, but his proposed revenue yield continues to shrink.

The administration on Thursday also backed off the Republican governor's earlier intent to call a special session as early as November.

A panel of the Governor's Commission on Government Reform and Restructuring voted 5-1 for a modified, downsized version of a proposal offered three weeks ago to sell Virginia's state-owned booze monopoly.

McDonnell promised to plow proceeds from selling 332 state Alcoholic Beverage Control stores into highway improvement.

Some taxes earlier proposed for restaurants were scuttled, and the state will now offer 100 licenses to small retailers and help finance them.

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