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BOE special taxes report: alcoholic beverage and insurers revenue slightly above forecasts
Summary
BOE staff reported revenues for the tax and insurers program at about $2.19 billion (0.08% above forecast) and alcoholic beverage tax receipts around $263 million (1.2% above forecast); staff noted declines in beer and wine consumption and growth in ready‑to‑drink products.
Laurel Williams, technical advisor for BOE special tax programs, presented the quarterly status for the tax and insurers program and the alcoholic beverage tax.
Williams said the tax and insurers program has 2,837 accounts and FY25‑26 revenues of approximately $2.19 billion, roughly 0.08% above the Department of Finance forecast. The alcoholic beverage program has about 10,640 accounts…
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