Agency says more ABC stores profitable following reforms
RALEIGH, N.C. (AP) - The legislature's watchdog agency says more Alcoholic Beverage Control stores have become profitable and efficient since the General Assembly approved reforms eight years ago.
The Program Evaluation Division released its report Monday looking at results from a 2010 law giving the state ABC board the ability to force local boards to meet performance standards or face the closure of their poorly-run liquor stores.
The authors say local board profit margins have increased on average and more local boards meet expense standards.
But the study finds a law raising the population threshold for a town to vote for an ABC store hasn't eliminated inefficiencies because those new stores take away sales from nearby stores.
Local boards run over 400 stores that helped distribute $400 million to governments last year.