Newspaper article The Canadian Press

Report Suggests Liquor Privatization in Saskatchewan Would Cost More Than $100M

Newspaper article The Canadian Press

Report Suggests Liquor Privatization in Saskatchewan Would Cost More Than $100M

Article excerpt

Liquor privatization would cost more than $100M: report

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REGINA - A public policy think-tank says the Saskatchewan government will lose revenue if it goes through with a plan to privatize liquor sales.

A report by the Canadian Centre for Policy Alternatives says privatization would drain $115 million from the province's bankbook over the next five years

The government announced last fall that it will make 40 of its 75 liquor stores private outlets if the Saskatchewan Party is re-elected at the ballot box in April.

Report author David Campanella says wholesale liquor costs have been increasing an average of six per cent a year -- a major cost the government would face which isn't included in the privatization proposal.

He also says the government's markup on wholesale prices is being reduced by about 25 per cent -- another loss of revenue. …

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