Pennsylvania Liquor Control Board Reports Record Net Income In Fiscal Year 2020-21

Pennsylvania Liquor Control Board

HARRISBURG, PA — The Pennsylvania Liquor Control Board (PLCB) released unaudited financial results for fiscal year 2020-21 that reflect record net income and the largest annual sales increase in PLCB history.

Sales in the most recently completed fiscal year totaled $2.91 billion (including liquor and sales taxes), $349.4 million or 13.7% more than the prior year. Additionally, fiscal year 2020-21 sales were $238.5 million or 8.9% higher than the PLCB’s previous (pre-COVID-19) record sales of $2.67 billion in fiscal year 2018-19.

This resulted in net income for the year totaling a record $264.9 million, which was $56.1million or 26.9% higher than the prior fiscal year. The increase in net income was due to increased gross profits from sales, which was partially offset by increases in operating expenses and decreases in other revenues like license fees.

Contributions to state and local governments and other beneficiaries totaled $813.4 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 $764.8 million. General Fund contributions consisted of the following:

  • $415.8 million in liquor tax;
  • $163.9 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:

  • $29.2 million to the Pennsylvania State Police for liquor control enforcement efforts;
  • $9.6 million in local sales taxes to Philadelphia and Allegheny counties;
  • $1.8 million in licensing fees returned to local municipalities; and
  • $5.3 million to the Department of Drug and Alcohol Programs.
READ:  Pennsylvania's General Fund Revenue Short by $201.9 Million

Additionally, the PLCB authorized about $2 million in grants in fiscal year 2020-21 in support of Pennsylvania’s beer and wine industries and awarded $1.4 million in alcohol education grants during the year to reduce underage and dangerous drinking.

For the latest news on everything happening in Chester County and the surrounding area, be sure to follow MyChesCo on Google News.

Thanks for visiting! Looking for some Chester County pride? We got you covered! Shop our MyChesCo store and show your love for Chester County, Pennsylvania. We got shirts, hats, and more – all with a unique ChesCo flair. Plus, proceeds from each purchase helps support our mission of bringing reliable information and resources to the people of Chester County.