Revenue from Oregon liquor sales $38M over forecast - KPTV - FOX 12

Revenue from Oregon liquor sales $38M over forecast

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Revenue from state liquor sales is expected to be about $38 million over the liquor control commission's expectations for 2011.

The Statesman Journal reports total state revenue from liquor sales grew to about $448 million last year. That's an increase of 4.5 percent compared to the previous year.

That means a bonus for the biennial budget. An additional $8.4 million is expected to be available for the state's general fund.

Agency spokeswoman Christie Scott says the commission projects liquor sale revenue to break $1 billion if the upward trend continues.

She attributes the growth to a number of factors, including the rising popularity of distilled spirits.

If Washington liquor prices go up as a result of a change in state law, that could also help Oregon increase its sales.

Copyright 2012 by The Associated Press.  All Rights Reserved.

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