Philly projects $2.3M in Jan. revenue from beverage tax

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The first hard numbers on soft drinks taxes are trickling as January taxes were due Tuesday. (WPVI)

The first hard numbers on soft drinks taxes are trickling in as January taxes were due Tuesday.

City officials are predicting $2.3 million in revenue from the first month of the sweetened beverage tax.

But that's only 30 percent of what's needed per month to hit the yearly goal of $91 million.

Still, tax collectors say this lower first month was expected since many beverage distributors stockpiled in advance and some businesses will be slow to register, file and pay what's owed.

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foodphiladelphia newsbeverage taxsoda tax
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