“We’ve put an emphasis on kids programs, education programs, afterschool initiatives, and things that will assist kids to have a better quality of life in this community,” said Girdler.
The regulatory fee has three different schedule — 4 percent for malt beverages by the package, 5 percent for distilled spirits by the package, and 6 percent for any alcoholic beverages by the drink.
That 5 percent regulatory fee hasn’t been utilized yet however because the state ABC offices haven’t sorted out which five applicants out of more than a dozen will receive the “quota” licenses to open liquor stores. It’s a slow process that’s in the state’s hands rights now — and while it’s a partnership between the city and state, Girdler noted at the meeting that “the state’s 90 percent, we’re 10 percent ... That’s the kind of partnership we’ve had, but they’ve been very nice, very cordial, very professional, and I think those (revenue opportunities) will come in around the first of the year.”
The licenses are actually likely to be decided by early December, noted Girdler, but once it’s in hand, the business owners “must go ahead an option the property, which takes time, and the renovation of the building — all of that will probably take about 30 to 90 days.”
That means it could be anywhere from January to March before those stores will be in operation, and their regulatory fees will be adding to the city’s funds.
Girdler noted that Corbin just opened two or three of their stores in the last month, and they’ve been working on it since last spring. From what he can see from the business Corbin is doing though, “they’re meeting our expectations” as far as what he expects Somerset’s revenue to be like.