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May 10, 2018

Sugary drink tax generates $4M

SEATTLE (AP) — Seattle officials say the city's sugary beverages tax generated more than $4 million in revenue in its first three months.

Julie Moore, the spokeswoman for the city's Finance and Administrative Services department says that as of last Friday, the office had received more than $4 million in first-quarter tax payments.

The Seattle Times reports the department expects the amount will increase because some checks were still in the mail and some businesses file their taxes annually.

Seattle began taxing sugary beverages, syrups and concentrates at the beginning of this year.

Supporters of the tax hoped the boosted prices would discourage people from buying sugary drinks, which have been linked to diabetes, hypertension, heart disease and tooth decay.

Officials previously estimated the tax would raise $14.8 million in 2018.