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)

(File photo by Justin Sullivan/Getty Images)

The vice chancellor of CU apologized to Boulder’s city council and is withdrawing its request for an exemption.

The tax goes into effect July 1.

(credit: Justin Sullivan/Getty Images)

(credit: Justin Sullivan/Getty Images)

According to Boulder County Public Health, kids who drink one sugary drink per day have a 55 percent higher risk of obesity, a 33 percent higher risk of dying from heart disease, and a 25 percent higher risk of developing Type 2 diabetes.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Denver

NEWS TEAM
Future Leaders
Together 4 Colorado

Watch & Listen LIVE