IGX

The money would pay for pre-K expansion; the creation of community schools; improvements to parks, recreation centers and libraries; and a tax-credit program for businesses that sell healthy beverages.

But in a curveball, Kenney's administration said $41 million of the revenue raised through 2020 would go into the city's fund balance, which has dropped rather dramatically from $150 million last year to $70 million this year. Fund balances - the difference between what a city spends and what it brings in - are closely followed by rating agencies.

In 2018, $30 million, about a third of the tax's revenue, would go to the fund balance.

"We heard it was all about the kids, all about the kids," Councilman Bill Greenlee told Finance Director Rob Dubow after Dubow acknowledged the administration should have mentioned that part of the plan earlier. "Sometime this afternoon, we heard it's also about the fund balance."

dead man walking wrote:well corn growers, who are paid fat subsidies, are gonna be pissed if the market is shrinks because of taxes. they'll be pissing and moaning about government interference.

Protobuilder wrote:http://www.philly.com/philly/news/polit ... _vote.html

The money would pay for pre-K expansion; the creation of community schools; improvements to parks, recreation centers and libraries; and a tax-credit program for businesses that sell healthy beverages.

But in a curveball, Kenney's administration said $41 million of the revenue raised through 2020 would go into the city's fund balance, which has dropped rather dramatically from $150 million last year to $70 million this year. Fund balances - the difference between what a city spends and what it brings in - are closely followed by rating agencies.

In 2018, $30 million, about a third of the tax's revenue, would go to the fund balance.

"We heard it was all about the kids, all about the kids," Councilman Bill Greenlee told Finance Director Rob Dubow after Dubow acknowledged the administration should have mentioned that part of the plan earlier. "Sometime this afternoon, we heard it's also about the fund balance."

Shafpocalypse Now wrote:And elite Dem's are? Come on, nobody hates American blacks like American blacks.

Objectives. To evaluate the impact of the excise tax on sugar-sweetened beverage (SSB) consumption in Berkeley, California, which became the first US jurisdiction to implement such a tax ($0.01/oz) in March 2015.

Methods. We used a repeated cross-sectional design to examine changes in pre- to posttax beverage consumption in low-income neighborhoods in Berkeley versus in the comparison cities of Oakland and San Francisco, California. A beverage frequency questionnaire was interviewer administered to 990 participants before the tax and 1689 after the tax (approximately 8 months after the vote and 4 months after implementation) to examine relative changes in consumption.

Results. Consumption of SSBs decreased 21% in Berkeley and increased 4% in comparison cities (P = .046). Water consumption increased more in Berkeley (+63%) than in comparison cities (+19%; P < .01).

Herv100 wrote:Forget soda tax, I think there should be monthly bodyfat analysis, and any fat fuck over 25% pays a heavy fine. If you can't pay, off you go to the pokey to get ass pounded by some Michael Browns.

In Philadelphia, PepsiCo says sales are down 40 percent compared to a year ago since the 1.5-cent per ounce tax took effect, and it will need to cut 80 to 100 workers. A Canada Dry bottler says sales are down 45 percent and it had to lay off about 30 employees. Wakefern, a cooperative whose members own ShopRite stores, also says overall sales at Philadelphia locations are down as much as 25 percent as people go outside the city to get groceries, and that it had to cut hours for workers.

In its first month, Philadelphia’s beverage tax has brought in $5.7 million, according to information released by the city’s revenue department on Thursday. The figure more than doubles the city’s $2.3 million prediction for January, and officials expect the preliminary figure to increase once all tax payments have been processed. The current revenue collection for January still falls short of the $7.6 million monthly average the city must collect to meet its $91 million-a-year goal.