KPMG recently released a private audit that it conducted with respect to JobsOhio, the state's private economic development organization. The audit found that the agency earned more revenue from leasing the state's wholesale liquor profits than was originally projected, The Columbus Dispatch reports. State officials estimated that the lease would generate about $100 million per year, but the audit found that JobsOhio received nearly $188 million from its $1.4 billion lease of the state's liquor business (See our Feb 04, 2013, blog post for more information). From the time the lease was signed in February until the end of the fiscal year in June, "liquor sales were up 4.5 percent and gallons sold increased 1.6 percent from the same period in 2012."
Audit reveals JobsOhio raised $188 million last year leasing the state's wholesale liquor profits
