The Perryman Group (TPG) was recently asked to examine the overall effects of the alcoholic beverages industry on business activity in the state of Texas. Read their findings.
Alcoholic beverage sales in Texas are governed by a complex set of local laws dividing various regions into either “wet,” where alcoholic beverage sales are permitted, or “dry,” where they are not. This system has evolved over many decades, and local elections to change the status (almost exclusively from dry to wet or to expand options) are quite common.
A key issue in such elections is the likely effect on the economy and local tax receipts. The economic and fiscal implications of wet/dry status are notable.
The Bottom Line: Clearly, sales of distilled spirits and other alcoholic beverages are a sizable source of economic activity. The industry also generates significant tax receipts.