Mayor McGinn suggests soft-drink tax for parks money
Seattle Mayor Mike McGinn is floating the idea of a 1-cent-per-ounce tax on sugary beverages, including canned soda and fountain drinks, as a way to raise money for Seattle parks.
McGinn announced his proposal at a mayoral forum Thursday night sponsored by the Seattle Parks Foundation.
While details were sketchy, McGinn said his plan would raise the city’s business-and-occupation (B&O) tax on businesses that sell sugary drinks. It’s an idea McGinn said his office considered in 2011 but did not publicly propose at the time.
A 1-cent-per-ounce tax could raise between $21 million and $29 million a year, McGinn said, citing estimates developed for his office in 2011.
“This, I think, would be a fabulous potential funding source,” McGinn told the audience of parks boosters during the forum at the Olympic Sculpture Park.