CU Withdraws Exemption Request For Sugary Drink Tax

BOULDER, Colo. (CBS4)– The University of Colorado says it not longer needs an exemption from the City of Boulder’s tax on sugary drinks.
CU had requested more time to adapt to the two cents per ounce tax because it estimated it would cost the campus $1 million the first year. Now the school says that was a miscalculation and will actually lose $200,000.
(File photo by Justin Sullivan/Getty Images)
The vice chancellor of CU apologized to Boulder’s city council and is withdrawing