Philadelphia's soda tax brings in $6.4M in February - WFMJ.com News weather sports for Youngstown-Warren Ohio

Philadelphia's soda tax brings in $6.4M in February

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PHILADELPHIA (AP) - Philadelphia's new tax on sweetened beverages is exceeding expectations.

Figures released Thursday by the city's Department of Revenue show the tax brought in $6.4 million in February. The city had projected the tax would generate $5.9 million for the month.

The 1.5-cent-per-ouce tax on sweetened and diet beverages funds pre-K and community schools. It also will help pay to renovate recreation centers, libraries and parks.

The tax generated $5.9 million in January, more than double its prediction of $2.3 million.

The tax is imposed at the distributor level. If fully passed onto the consumer, it amounts to $1.44 on a six-pack of 16-ounce bottles.

Pepsi is pulling 2-liter bottles and 12-packs of its products from Philadelphia stores to offer products and sizes that working families can better afford.

Copyright 2017 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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