Washington state hikes liquor markup

Liquor prices in Washington state will increase on August 1.

In a move to increase declining state revenues, the state's Liquor Control Board has approved a huge markup on prices.

The current markup on liquor sold in the state is 39.2%. Under the new rules, it will be 51.9%. In theory, the increase will run only through 2011, but that's a long way off and many things can happen in the interim.

The state is hoping the increase will make up for the $78.6 million to be removed from the Liquor Revolving Fund by lawmakers trying to deal with the state's $9 billion budget deficit.

The increase does not apply to beer and wine products. The Liquor Revolving Fund includes revenue from sales of spirits, beer and wine liter taxes, license fees and other related revenue sources.

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