Despite the constant media drumbeat, dismantling Pennsylvania's Liquor Control Board (LCB) makes absolutely no sense — not now and not in the long term.
The LCB is a valuable asset that should be improved — not sold off in pieces ("Stop sipping at liquor reform," June 24, 2014).
The LCB last year transferred more than $550 million to the treasury — after all expenses were paid. In the last five years alone, the LCB has provided almost $2.5 billion to the treasury.
Just last month the Corbett administration asked for and received an early transfer of $80 million so that the state could pay its bills. Again, it is important to note that this revenue is provided after expenses are covered.
The privateers ignore several critical facts. First, the fiscal note attached to the legislation states that no revenues would be realized in the first year; and that most of the revenue won't be realized for at least 18 months after the bill would become law.
Secondly, the state loses a valuable asset for a single payday that would not match the LCB's contribution every single year. In fact, Gov. Corbett's own study by Public Financial Management estimates $1.4 billion in transition costs over a five-year period.
Finally, contrary to your editorial, the polls show that more Pennsylvanians favor improving the current system or maintaining it than support privatizing this valuable asset. Please look at the most recent independent polls by Franklin & Marshall on this very issue.
— Wendell W. Young IV is president of the United Food and Commercial Workers Union Local 1776.