Nation’s Restaurant News: Five Cities See New Soda Taxes

Cities across the US implement new soda taxes, affecting sugary beverage sales.

Read the original at 1851 Franchise
Nation’s Restaurant News: Five Cities See New Soda Taxes

TL;DR

Five US cities, including Chicago, Boulder, and three cities in California, have implemented new soda taxes on sugary beverages. The taxes, ranging from a penny-per-ounce to a two cent-per-ounce fee, aim to address health issues such as obesity and diabetes.

Election Day not only left America with a new President-elect, but also changes to taxes on sugar-sweetened beverages in multiple states. According to a recent Nation’s Restaurant News article, new soda taxes will be applied to sugary beverages in Chicago, Boulder, San Francisco, Oakland, and Albany, California.

Joining Berkeley, California that added a similar tax two years ago, additional California cities voted “yes” on the ballot for initiatives to apply a penny-per-ounce fee to sugary beverages.

In Boulder, Colorado, a two cent-per-ounce tax was passed after 54 percent of voters agreed on the ballot measure. Now a two-liter bottle of soda could more than double in price, with an increase of $1.35.

Chicago’s Cook County approved a penny-per-ounce tax on sugary drinks, which the Board of Chicago’s Cook County hopes will bring in $224 million annually that will be used to avoid cuts in spending on safety and health programs.

According to Cook County Board President Toni Preckwinkle’s statement, “This tax can play a positive role in important health issues that impact many of our residents — such as obesity, diabetes and heart disease — and lessen the financial burden on our Health and Hospitals System.”

In this story

This story was originally published in 1851 Franchise on November 14, 2016. Burnaze summarizes and links to the original reporting.

Read the full story at 1851 Franchise

Liked this? Get the week's franchise news, explained

  • Sunday 8 AM ET weekly + a monthly deep dive
  • Sections picked for the industries you follow
  • Every claim linked to its source. Free.

Free. We'll ask you to confirm. Unsubscribe anytime.