According area news sources, the Pennsylvania House Appropriation Committee heard yesterday that sales of wine and spirits in the state are projected to outdo last year’s fiscal earnings of $1.77 billion.
“At the halfway point of fiscal 2008-2009, which was December 31st, state store sales were $1.02 billion. If sales continue on that same path through June 30th they will total over $2 billion for the full year. That compares with the total for the entire fiscal year of 2007-2008 which was $1.77 billion,” reported Newsroom Solutions yesterday.
Yet again, we are reminded that alcohol appears to be “recession-resistant”, borrowing the preferred term of the American Distilled Spirits Council, who advise against the use of the expression “recession proof”… especially with regard to states who have considered raising taxes on alcohol sales with hope of boosting revenue.