Reply to Why does Montgomery County government still maintain a monopoly on alcohol distribution?

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Reply to "Why does Montgomery County government still maintain a monopoly on alcohol distribution?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Revenue can be replaced and they had a massive windfall this year because they got voters to revoke the property tax cap. The real reason is that they prefer MCGEO to whatever union would represent private sector warehouse workers and drivers. [/quote]
I understand the problem in your lack of understanding is because you don’t understand how bonds work.[/quote]
It’s funny how many people have opinions on things that they don’t bother to conduct basic research.

“ Over the last years the County has issued more than $100 million in Local liquor bonds, pledged to be paid for by County liquor revenue. These bonds have supported important County road and infrastructure projects.

Under the privatization scheme proposed the County would be in violation of our bond obligations and would have to replace or repay the bond holders using other county resources since the ongoing revenue supporting those bonds would no longer exist. Not only would this $100 million impact negatively the County’s capital spending on other projects, it would also hurt the County’s bond rating, potentially increasing County costs in the future.”
https://www.montgomerycountymd.gov/local-liquor-control/[/quote]

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