Soda Tax Revenue Falls to $6.5M in April

It's a drop from the funds generated in the month prior.

The Philadelphia Beverage Tax brought in roughly $6.5 million in revenue for the city's universal pre-K and Rebuild programs in April. It's a drop from the funds generated in the month prior and the latest piece of ammo for the anti-soda tax coalition as it awaits the Pennsylvania Commonwealth Court's ruling on the legislation.

The Philadelphia Business Journal learned PBT revenue in April, based off dollars collected through Friday, May 26, came in just above $6.5 million – a figure confirmed by the city.

"At this point, that's a preliminary figure," said Mike Dunn, a spokesman for the administration. The unfazed attitude, while shared by a Wharton public policy expert, stands in stark contrast to the stance taken by the Ax the Philly Bev Tax coalition, which includes members who are also challenging the policy through litigation.

To read the full story, CLICK HERE

For more business news, visit Philadelphia Business Journal.

Copyright bizjournal
Contact Us