Audit uncovers millions wasted by N.C. liquor regulators

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Government regulators are often notorious for mismanaging the public fisc, and a recent audit of North Carolina's Alcoholic Beverage Control Commission shows that N.C.'s liquor regulators wasted almost a million dollars a year over the past decade:

The office in charge of North Carolina’s state-run liquor stores has wasted millions of taxpayer dollars through years of mismanagement, according to an audit released Thursday morning.

The audit found that the Alcoholic Beverage Control Commission lost the state nearly a million dollars a year — specifically, $11.3 million over the course of 13 years — due to poor handling of contracts. ABC officials also wasted $2.1 million by renting warehouse space that they then kept empty for seven years, the audit found.

State Auditor Beth Wood said in an interview Thursday that the waste this audit uncovered was some of the most egregious she has seen in her nine years in office.

“There was just no overview, no oversight,” she said. “There was no monitoring of that contract. You just had a contractor come up and say ‘I want more money,’ ... and whatever the contractor asked for, it was what they got.”...

More here.