The Virginia Alcoholic Beverage Control Authority now faces an estimated $110.1 million shortfall in the revenues it had promised for the next two-year state budget, because of falling liquor sales, changing consumer behavior and overly optimistic budget assumptions.
The Virginia ABC complex opened about three years ago in Hanover County. Officials say the Virginia Alcoholic Beverage Control Authority’s profit margin is tracking slightly ahead of the revised forecast for this year, as it makes up for some lost revenue by reducing expenses.
Keith Thomas prepares a order in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Boxes of liquor are prepared for orders in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Boxes of liquor are shrink-wrapped in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Boxes of liquor are unloaded from trucks in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Boxes of liquor are prepared for orders in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Mark Dunham, director of logistics at Virginia Department of Alcoholic Beverage Control, gives a tour of the ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Boxes of liquor are stored in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Employees fill orders at the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
In this August 2019 image, Keith Thomas prepares an order in the Virginia ABC warehouse at 2901 Hermitage Road.
ALEXA WELCH EDLUND
Boxes of liquor are stored in the Virginia ABC warehouse at 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Brian Moran, secretary of Public Safety and homeland Security, speaks at Virginia ABC, 2901 Hermitage Road Tuesday, August 13, 2019.
ALEXA WELCH EDLUND
Travis Hill, CEO of Virginia ABC, announces sales results for the last fiscal year. Photo was taken on Tuesday, August 13, 2019.
The Virginia ABC complex opened about three years ago in Hanover County. Officials say the Virginia Alcoholic Beverage Control Authority’s profit margin is tracking slightly ahead of the revised forecast for this year, as it makes up for some lost revenue by reducing expenses.
