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Appropriations committee hears plan to zero out Liquor Control Fund deficit amid falling alcohol sales
Summary
The Vermont Senate Appropriations Committee reviewed a budget adjustment from the Department of Liquor and Lottery aimed at eliminating a multi-year deficit in the Liquor Control Fund, with officials citing lower alcohol consumption, 2023 flood-related store closures and COVID-era accounting as drivers.
At a meeting of the Vermont Senate Appropriations Committee, Wendy Knight, commissioner of the Department of Liquor and Lottery, outlined a budget adjustment intended to zero out a deficit in the Liquor Control Fund and to change how future transfers to the general fund are calculated.
Knight told the committee, “For the record, my name is Wendy Knight. I’m the commissioner of the Department of Liquor and Lottery,” and described multiple factors that have reduced liquor-store receipts, including lower alcohol consumption, growth in nonalcoholic products, inflation and the statewide floods of 2023 that temporarily closed stores.
The adjustment responds to what Knight said has been an “ongoing deficit” in the fund that began…
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