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.
We ran the numbers; distributors sold roughly 21 cans of soda per Philadelphian last month.
It’s double what the city said it expected — but not enough to match the average of a full year of projections.
The city blames the lawsuit for delaying the projects.
h/t PlanPhilly Reporter Jake Blumgart
Answer these five questions next time you buy a sugary drink.
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Projections show it’s an extra $8 million for Philly alone over the next five years.
“The way you make money is on soda and water.”
Bottled water outsells soda at Jim’s Steaks four to one, so…
It’s not just sticker shock, the grocery chain’s corporate leadership told Billy Penn.
Take our quiz to see if you know what is and isn’t taxed under the sugary-sweetened beverage tax.
You’ll notice it’s pretty much everything except milk, water and the purest fruit juices.
The American Beverage Association had argued the soda tax was unconstitutional.