In this March 16, 2017 photo, sugar tax stickers are posted by sweetened beverages at the IGA supermarket in the Port Richmond neighborhood of Philadelphia. Less than three months into Philadelphia's new tax on sweetened drinks, the stakes have escalated: Beverage makers say the measure is hurting sales so much they need to cut jobs, while city officials say the moves are a ploy to get the tax struck down. (AP Photo/Matt Rourke)
Boulder to vote on keeping money from sugary drinks tax
BOULDER, Colo. (AP) — Voters in Boulder are being asked whether they want to allow the city to keep extra money raised by a tax on sugar-sweetened beverages.
The 2 cent-per-ounce tax approved in 2016 has so far brought in more than $3.2 million for health and nutrition programs for low-income residents and those with chronic diseases and illnesses often linked to sugar consumption.
The Daily Camera reports the city estimated the tax would raise $3.8 million a year, but it now looks like it’ll bring in $5.2 million in the first year.
Colorado’s Taxpayers Bill of Rights requires the city to ask voters whether it can keep the extra money. The issue will be on the November ballot.
Supporters say the proceeds fund important programs, but business owners say it’s hurting their bottom line.