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.
Most 💵 went to the General Fund, per City Controller.
Collections were lower than expected but still enough to start the pre-K and Rebuild programs.
12-packs are going for $2 less than the typical Philadelphia price.
The controversial levy is being challenged on four fronts.
Water has been a major boon but not enough to make up for the decline in sugary beverages.
They’ve already been shut down by two courts.
It was so loud in City Council chambers Sen. Scott Wagner couldn’t even announce he was canceling the hearing.
Yes, there could still be another appeal.
The city is about to lower projections — it would need about $20 million in May and June to reach its previous projection of $46 million.