Washington DC Bag Fee Update
Ten months after it was imposed, the fee on disposable bags in Washington, DC still makes sense, although it's not bringing quite the revenue boost that the district was hoping for.
Before the tax went into effect, the district's Chief Financial Officer was projecting income of $3.6 million dollars. But so far income has only amounted to $1.3 million.
This is reason to celebrate; it means the fee works. Because people are required to pay for bags upfront, people are using half as many plastic bags as before.
Under the tax, district residents are charged 5 cents for each disposable bag they got at the store. One penny goes to the shop while the other four cents go to the city. The four cents going to the city go toward cleaning up polluted rivers. Those in charge of cleaning up those rivers claim that they have already noticed a reduction in bag pollution.
Read the complete article at CNN Money.