COPY-Municipal liquor stores across Minnesota hit record sales - WXOW News 19 La Crosse, WI – News, Weather and Sports |

COPY-Municipal liquor stores across Minnesota hit record sales

ST. Paul, Minn. (KARE/KTTC) -- While many businesses across Minnesota continue to struggle in the wake of the economic downturn, the state's municipal liquor stores are not among them.

State Auditor Rebecca Otto released a report Monday reflecting a 17th consecutive year of record sales in 2012, a reported total of $329.6 million. Total sales increased by $12.4 million, or 3.29 percent over 2011.The combined net profit of those sales totaled $27.3 million.

Sales ranged from a low of $91,917 in Canton, MN, to a high of $15.2 million in Lakeville.

During 2012, Minnesota's municipal liquor stores transferred $23.0 million of their profits to other city funds. This represents an increase of 14.3 percent over the total net transfers made in 2011. Transfers totaled $8.3 million among Metro Area establishments, compared to $14.7 million for Greater Minnesota establishments.

Twenty-five Minnesota cities reported net losses for 2012, compared to 36 cities in 2011. All 25 cities with losses were from Greater Minnesota.

Powered by Frankly