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Proposed ABC Privatization Model 96

Proposed ABC Privatization Model 96

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Published by The Virginian-Pilot

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Published by: The Virginian-Pilot on Sep 08, 2010
Copyright:Attribution Non-commercial


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Proposed ABCPrivatization Model
Staff Recommendation to
Governor’s Commission on
Government Reform & RestructuringSeptember 8, 2010
Primary Objectives of Privatization
End an outdated government monopoly for distilledspirits sales and distribution, and create a free-marketand private-sector delivery of a service, which is not acore-function of state government
hundreds of millions of dollars
for financingtransportation projects
Treat distilled spirits on a level playing field with wineand beer, which have been sold in private outlets for76 years
Stimulate private sector investment, entrepreneurshipand job creation
ensuring businesses of all sizeshave an opportunity to participate
Principles of Privatization Approach
Three tier system shall be preserved
The Commonwealth, through ABC, shall maintaineffective health, safety, law enforcement andmarketing regulatory authority over private distilledspirit sales and distribution, the same as is currentlydone with oversight and enforcement of privatesector beer and wine sales for 6,657 off-premiseretailers
Maintain equivalent General Fund annual tax revenueflowing to the Commonwealth
Implement consistent with Virginia traditions andvalues

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