Soda Tax Hearing Today, Philly Revenue Falls

The appeal of the soda tax as a revenue cure-all may be fizzing out a bit based on the money the new tax levy is bringing in in the City of Brotherly Love. Philadelphia officials this week acknowledged that actual revenue from the 1.5 cents per ounce tax on sugary drinks came in at $6.9…

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Soda Taxes Spilling To Other States

Speaking of New Mexico, minimum wages aren’t the only issue generating headlines – voters in the capital city of Santa Fe have until next Tuesday to decide whether the city will impose a tax on sugary drinks of 2 cents per ounce – increasing the price of soda by 25 cents per can. Early voting…

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Philly Soda Tax More Than Doubles Estimate

Pennsylvania Revenue Department officials last week announced that the Philadelphia soda tax that became effective on January 1 of this year brought in over $5.7 million in new revenue. The soda tax receipts more than doubled the $2.3 million estimate provided by the Philadelphia Budget Office in the Quarterly City Manager’s Report. Monthly revenue projections…

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