Liquor licenses in New Jersey can cost hundreds of thousands of dollars. Assemblyman John Burzichelli says his bill would change an old system to make prices affordable for many restaurant owners.
Some say sky-high liquor license prices are holding back business owners and limiting economic growth across the state.
It’s a system that’s been in place since prohibition, and the liquor license laws in New Jersey haven’t changed much since.
Advocates have been fighting to update the 1962 law for the last decade.
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Liquor licenses can cost hundreds of thousands of dollars and some municipalities decide not to offer any to businesses.