El Monte seeks soda tax to shore up budget

from the Los Angeles Times

http://www.latimes.com/news/local/la-me-el-monte-20120724,0,6515479.story

The declaration of a fiscal emergency, which El Monte’s council members will consider at a meeting Tuesday, would allow the city to hold a special election this fall for the tax proposal, Morales said. If approved by voters, the tax would collect one cent per ounce of “sugar sweetened” drinks sold. It could generate as much as $7 million in total annual revenues, according to a city report.