News Release (Feb 26, 2015)
HARRISBURG, Feb. 26 – State Rep. Ronald G. Waters, D-Phila./Delaware, said he voted against a Republican-backed plan to sell off state liquor stores that passed the House of Representative today because it is bad for the fiscal future of Pennsylvania and would endanger public safety.
"What I witnessed today was nothing more than a fire sale of a valuable, revenue-generating state asset at a time when we are facing a multibillion-dollar budget deficit," Waters said. "It is unimaginable that we are putting this issue before the vital tasks of repairing Pennsylvania's financial future and increasing quality educational opportunities throughout the state."
Waters said that liquidating the state store system could raise, at a maximum, $1 billion over two to four years, but it would cost the state $190 million in yearly revenue every year after that. Waters noted that state stores currently generate $500 million for Pennsylvania's annual budget, and a few simple changes could increase that amount by more than $125 million.