Less Money Expected From ‘Sugary Drink’ Tax

BOULDER, Colo. (CBS4) – The controversial soda tax in Boulder might not bring in as much money as previously expected.
Last May, the city council approved the tax, which went into effect on July 1. It charges soda distributors two cents for every ounce of soda and other sweetened beverages.
(credit: CBS)
The city thought it would bring in $3 million dollars annually, but experts say they expect about half that in tax returns.
City officials say that’s partly due to the fact