After paying $216.7 million into the state's general fund in the year ended June 30, more than twice the $100 million paid to help fund state operations the year before, the Pennsylvania Liquor Control Board had a bottom line loss of $114.3 million, according to the agency's latest financial results.
Despite the strain from larger-than-usual payments to the state, the agency's spokeswoman pointed out that its cash and short-term investments were only $66 million lower on June 30, despite the additional $117 million contributed to the state's coffers. The PLCB board told legislators that they are comfortable with a $185 million contribution in the current fiscal year.
In the three years before fiscal 2016, when the agency had bottom-line profits ranging from $21 million to $45 million, the PLCB paid the state $80 million from its operations. The contributions come from operations and are in addition to the taxes it collects.