Let's say you own a company with many different divisions. One of these division makes you a lot of money. Now you've just been informed that you need to start cutting costs. Where do you start?
I get it... cuts need to made. Every division needs cuts. But would you sacrifice your businesses income to save a little in your overall budget? I'm not the most business savvy guy around, but even I know this moronic.
Well just when you thought Utah's "book keepers" couldn't get any more moronic when it comes to cost cutting, there comes word that they're actually considering cutting the hours of Utah liquor stores by two hours a day.
Now while this cut in hours could save the DABC more than $400,000 dollars a year in labor costs, it could cost the state a shit load of income.
While these cuts would help balance DABC’S budget, it may suck even more money away from the state. It's estimated that for each dollar DABC cuts, it loses 4 to 5 dollars in revenue. So if the DABC cuts $400,000 dollars a year by opening later and closing earlier, that could mean lost revenue of 1.6 to 2 million dollars per year.
Makes perfect sense to me! Let's hope the DABC Commission has the smarts to shoot this down. Cutting store hours would require their approval.