Data released by the School District of Philadelphia on Thursday show that Uber and Lyft, which were both illegal at one point in Philadelphia, brought in more than $44 million in their first two months of legal operation across the state, according to the Inquirer. And, in the first fruits of a tax agreement, school leaders announced that the district would receive nearly $358,000 from the ride-sharing companies.
Legislation signed by Gov. Wolf in November that allowed the companies to operate statewide included a 1.4 percent levy on each ride provided through the companies’ apps. Previously, when Uber and Lyft operated under a temporary court reprieve, they were taxed at just 1 percent per ride.
The tax revenue is split between the school district and PPA, with the district receiving two-thirds and the PPA getting the remainder. The school district says it expects to bring in between $2 and $2.5 million annually in revenue from ride-sharing fees. The first payment of $357,593.31 represents the tax collected during the temporary authorization from July to September, so the district is still anticipating an additional $411,381.12 in revenue from November and December.
“The best system for the School District of Philadelphia is one that gives us predictable revenue sources, and receiving our first portion of the ride-share funds is another positive step in that direction,” district superintendent William Hite said in a statement.
And as the Inquirer points out, the tax data reveal some good performance news for Uber and Lyft: From the time Wolf signed the bill through December 31st, the companies were bringing in an average of about $5.5 million, compared to $4.8 million a week last summer.
An Uber spokesperson told the publication on Thursday that business is “strong and growing.”
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