Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Durham County ABC Board projects $63.4M in sales, proposes flat nonprofit grants allocation for FY26
Summary
Durham County ABC Manager Lou Sordell presented a FY2026 revenue forecast of $63.4 million and said the board will keep nonprofit grant funding flat at $525,000, while continuing capital projects including a new store and a planned warehouse relocation.
The Durham County Alcoholic Beverage Control (ABC) Board presented its fiscal outlook for 2025–26, projecting roughly $63.4 million in alcoholic beverage sales and outlining store modernization and grant distributions.
Lou Sordell, general manager of the Durham County ABC Board, told the Board of County Commissioners the board is budgeting top-line sales of $63,490,418 and estimating a required tax distribution and operating costs that will leave a working capital cushion for next year. Sordell said the board expects to…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
