Hope Proposes Cigarette Tax Hike — Arlington’s Del. Patrick Hope (D) is planning to introduce a bill that would increase Virginia’s relatively low cigarette tax. Unlike past years when Hope has proposed a cigarette tax hike only to have it promptly killed by Republicans, Hope is now proposing that revenue from the tax go directly to car tax relief, rather than to anti-smoking programs or Medicaid funding. [WTVR]
Record Profit for Virginia ABC — Virginia’s state-owned ABC liquor stores and restaurant wholesale business saw record sales and a record profit in fiscal year 2011. The Virginia Department of Alcoholic Beverage Control says it recorded an all-time high profit of $121 million last fiscal year, amid record demand for wine, liquor and mixers at stores and from restaurants. The state’s top-selling liquor, meanwhile, is Jack Daniels. [Associated Press]