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July 30, 2012

Package beer sales net $22,435.64 for June

Over $560,000 sold in Corbin last month

The Times-Tribune

CORBIN — By Jeff Noble, Staff writer

A total of $22,435.64 in tax revenue helped to wet the whistle for the City of Corbin during the month of June — the first month of package beer sales.

The amount is four percent of the total package beer sales sold last month, which came up to $560,891. That’s from the 12 stores licensed to sell beer and malt beverages by the package in the city, according to Assistant Police Chief Bruce Rains, who is Corbin’s ABC (state Alcoholic Beverage Commission) Administrator.

The city gets four percent of all package beer sold. Corbin’s alcoholic beverage ordinance also states seven percent of all liquor, beer and wine sold by the drink goes to the city. In addition, the city will get five percent of all alcoholic beverages sold in the three package liquor stores recently approved for Corbin.

June’s total sales from the eight restaurants licensed to sell alcoholic beverages by the drink in Corbin came up to $99,837. Tax revenue from those sales netted $6,988.51 for the city’s coffers.

Not included were figures from The Arena in Corbin, which did not have sales in June, and Basil’s Italian Restaurant, which began selling wine by the drink on July 14, after getting a wine license a day earlier.

Sales of beer by the package began in Corbin on June 6, the result of voters approving a special election on Feb. 14, allowing licensed retail outlets in the city to do so. The same election also approved the sale of alcoholic beverages by the package in liquor stores in Corbin.

Ernie’s Spirits, LLC; Liquor King, LLC.; and Tri County Liquor of Corbin, LLC were chosen by the state ABC on July 11 as the three applicants to be given retail licenses to sell package liquor, wine and beer in Corbin. The trio was chosen among 12 applicants who applied earlier this spring for the three liquor stores allocated to the city. In a Times-Tribune story on July 13, an award letter from the ABC in Frankfort said the deadline for the liquor stores to open was October 31.

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