Berkeley’s tax on soda is raking in the funds, as predicted. Terry McSweeney reports.
Berkeley’s tax on soda is raking in the funds, as predicted.
Back in November, Berkeley became the first city in the nation to adopt a soda tax. Monday, the city announced that in its first month, which was March, the tax brought in $116,000.
At this rate, the tax is on track to provide an extra $1.2 million a year to Berkeley health programs and schools.
The one-penny-per-ounce tax is charged when retailers receive sweetened drinks to sell. It’s up to stores to decide whether to eat the cost or pass it on to customers.
