Tobacco, alcohol licenses net nearly $300,000 for Woodbury
Tobacco and alcohol license renewals will account for nearly $300,000 of the City of Woodbury’s annual revenue in 2015.
Liquor licenses in the city of Woodbury expire on March 31 of each year. A total of 42 license renewals were approved by the city council at the Feb. 25 meeting, for a total of $183,500. Another 18 liquor licenses were renewed at the March 25 meeting, netting another $104,300.
In full, liquor license renewals will account for an accumulated $287,800 in revenue this year.
A total of 19 tobacco license renewals were approved at the Feb. 5 city council meeting, yielding $4,750 in revenue. Another three licenses were renewed, for a cumulative $750, at the March 25 meeting. Tobacco licenses likewise expire on March 31 of each year.
Together, the revenue received through liquor and tobacco licenses renewed this year will total $293,000. Those dollars are placed in the city’s General Fund.
The number of liquor or tobacco licenses held in the city of Woodbury is always subject to change, as new businesses open or existing businesses close. For instance, at the March 25 meeting, city council members also approved liquor licenses for the new Tamarack Taproom, and a tobacco license for Jerry’s Foods. Both new businesses are scheduled to open in April.