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generated by the department for the * state and its localities during the third quarter (January-March) of fiscal year 1987-88.
Rappahannock County’s share of . the profits totalled $2,778, and an ■■ additional $1,543 from the tax on each liter of wine sold at state-licensed outlets^ The Town of Wash- „ ington realized $117 from the ABC ^ profits, and was alloted $65 as its . share of the per-liter wine tax.
Profits come largely from the sale of distilled spirits, cordials and > Virginia Farm Winery products at . • state-operated ABC stores.
Eighty-eight percent of the < $1,411,251 in wine tax was also aliocated to the Commonwealth’s locali- » ties, also on a per-capita basis. The ' remaining 12 percent of the wine tax ■: is retained by the ABC department • as operating revenue. ,
ABC Board Chairman Jay Cochran Jr. said that the profits resulted in a distribution of $2,541,250 to Virginia’s cities, counties and towns “to assist them in providing services for local residents.” i
Two-thirds of the department’s •' profits for each reporting period, af- ! ter statutory adjustments, goes to localities, while the remaining third is deposited in the General Fund of •> the Commonwealth. The statutory ■ adjustments required by state law include a transfer of $1,757,383 to •. the Department of Mental Health and Mental Retardation and Substance Abuse for the care, treatment, cure and rehabilitation of alcoholics.
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