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2/21/2024 <br />3 <br />THE VALUE OF MUNICIPAL <br />LIQUOR OPERATIONS <br />•“Without municipal liquor profits, cities would need to either  <br />reduce their budgets or increase their fees and property taxes.” <br />•“In general, they do not operate any differently than a private  <br />liquor store.” <br />•“Municipal stores must abide by the same laws and three‐tier  <br />distribution model.” <br />•“Residents also benefit from a publicly owned asset that generates  <br />an economic return on equity and capital, putting taxpayer dollars  <br />to productive use.” <br />‐Valuation Viewpoints, Shenehon Business & Real Estate Valuations <br />THE VALUE OF ST. ANTHONY VILLAGE WINE AND SPIRITS <br />Our profits are transferred to the <br />General Fund and can be used to <br />provide property tax levy relief and <br />supplement general fund purchases, at <br />the Mayor and Council’s discretion.