Sales Tax Growth
updated: Oct 19, 2012, 4:57 PM
Source: City of Santa Barbara
Sales Tax Results for the Quarter Ended June 30, 2012
Santa Barbara received $5 million in sales tax during the quarter ended June 30, 2012, marking a strong
end to fiscal year 2012. Fourth quarter growth was higher than the 4.5% growth estimate and 6.6%
higher than growth in the June quarter of last fiscal year. Across the state, local agencies saw strong
sales tax growth during the June quarter. Santa Barbara's growth was slightly below the statewide
average growth of 6.8%.
Since sales tax is received quarterly from the state, one quarter in arrears, the City receives the final
June results for each fiscal year in September. Over $19.1 million in sales taxes were received in fiscal
year 2012, representing overall growth of 8.8%. Moreover, sales tax exceeded the year end forecast by
Although the City's sales tax has shown robust recovery from declines experienced during the
recession, the year end results are equivalent to the amount of sales tax collected in fiscal year 2006.
Sales tax is the second largest General Fund revenue and continues to show a steady recovery from
growth lost during the recession.
The sales tax budget for fiscal year 2013 is $19,590,700 based on a growth estimate of 4% from the
year-end projection for fiscal year 2012. Sales tax results for the first quarter of fiscal year 2013 will be
available in December.
The Sales Tax table can be viewed here:
Transient Occupancy Tax Up 9.8% in September
Santa Barbara lodging establishments collected and remitted $1.38 million in Transient Occupancy Tax
during the month of September, which is 9.8% higher than September of last year. It is likely that the
warm, clear weather contributed to last month's strong growth. Both occupancy and room rates were
higher than last year.
The number of weekend days in a given month directly affects lodging revenues and the City's TOT.
Santa Barbara sees a large number of weekend visitors to our city, a popular weekend getaway
destination, with hotel occupancy higher on Fridays and Saturdays than on the weekdays. September
2012 had the same number of weekend days as last September and, therefore, the number of weekend
days did not skew September's growth.
Over $5 million in TOT has been collected through September, marking the end of the first quarter of
fiscal year 2013. First quarter growth was 6.7%, slightly ahead of the 6.1% budgeted growth for fiscal
The City's fiscal year runs from July 1 through June 30 each year. At the end of the first quarter, it is too
early to predict exactly how TOT will end the year. However, TOT is expected to meet or slightly exceed
the budget by the end of the fiscal year. The fiscal year 2013 TOT budget is $14,489,200.
The Transient Occupancy Tax table can be viewed here:
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