It could save about $120.75 million (the Washington State Liquor Control Board's 2009 operating expenses.) Although, on the flip side, state liquor sales bring in about $330 million, according to the WSLCB.
The legislation calls for a study to figure out what kind of liquor taxes would be needed to make sure the state doesn't lose money.
Additionally, the senators say alcohol is currently marked up, so privatizing would lower the cost of booze.
Just what we need in this recession: Cheap booze!
Courtesy Washington Policy Center blog for tipping us off on the legislation.