Billionaire Helps Fund Sugary Drink Tax Ballot Measure
BOULDER, Colo. (CBS4) - A ballot measure in Boulder that would impose a tax on sugary drinks is getting a huge infusion of cash from the former New York Mayor Michael Bloomberg.
The billionaire has donated $200,000 to a group promoting a tax on sugary drinks.
If passed, an additional two cents per ounce tax would apply to sugary drinks like soda.
Bloomberg was behind a ban on large volume sodas while he was mayor of New York City. The ban was later tossed out by the New York Supreme Court.
