Transient Occupancy Tax Up 16.5% in March
updated: Apr 18, 2014, 4:56 PM
Source: City of Santa Barbara
The City received $1,233,255 in Transient Occupancy Tax (TOT) for the month of March 2014, a 16.5% increase over March 2013. This strong growth rate is particularly notable because March 2014 contained one less weekend night than March 2013. The continued warm, sunny weather likely led to the higher growth.
Through the first nine months of the fiscal year the City has collected over $12.16 million in TOT revenues, 14.7% ahead of last year through the same period. With three months of collections remaining in this fiscal year, revenues are tracking ahead of the 10.4% growth rate needed to meet the adopted budget of $16,202,000.
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