Jim Kenney’s first big move as Philly mayor is the soda tax. The 1.5-cents-per-ounce tax on sugary beverages also includes things like iced tea and sports drinks. Critics say the tax is regressive, and will hit the city’s lowest income residents hardest. The tax goes toward new initiatives like universal pre-K, but also toward the city’s fund balance.
Collections were lower than expected but still enough to start the pre-K and Rebuild programs.