Mayor Cherelle Parker said Wednesday the Philadelphia 76ers will spend millions to support the city and its school district, as well as initiatives designed to benefit residents and small businesses — if its controversial proposal to build an arena in Center City is approved.

ByHeart, the country’s newest FDA-registered formula manufacturer, has now received more than $10 million from Pennsylvania

Philadelphia’s soda tax was enacted in 2016 and adds 1.5-cents per ounce on sugar and artificially sweetened beverages.

“We are in a state of emergency.”

Under the proposed settlement, Pennsylvania could receive up to $1 billion over 18 years, the life of the agreement.

The national settlement appears to jeopardize all local litigation against the group of opioid manufacturers and distributors, potentially barring Krasner’s suit and others in the state from going forward.

Philadelphia is suing the state, including Republican leaders in the General Assembly, to enact its own gun control measures, because state preemption laws make it illegal for the city to pass its own legislation.