Hotel Tax Brings in Nearly $4M Last Month
By the City of Santa Barbara
Transient Occupancy Tax Results for the City of Santa Barbara – Month Ended July 31, 2022
The City of Santa Barbara collected $3.97 million in transient occupancy taxes (TOT) for July 2022. TOT revenues in July 2022 were about 19.5% above the monthly budget, mainly due to higher average daily rates and strong seasonal demand for rooms.
The City has collected $3.97 million through July, the first month in the City’s fiscal year. The City’s adopted TOT budget for all funds is $28.3 million, of which $23.6 million is budgeted in the General Fund.
The Transient Occupancy Tax table can be viewed on the attachment. The City’s TOT tax rate is 12%. 10% goes to the City’s General Fund and the remaining 2% goes to the Creeks/Clean Water Fund.
3 Comments
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Aug 26, 2022 08:16 AMMotel 6. The "6" ment that one would only pay $6.00 per night which was the very lowest. Motel 6 started in 1962 (I was 6) by two contractors William Becker and Paul Greene here in SB.
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Aug 26, 2022 05:32 AMEnough to hire another administrator!
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Aug 25, 2022 07:59 PMGolf clap??? Way to go SB City! I know I appreciate the crazy hotel prices in town. I mean there's no way the Motel 6 should EVER be under $400 a night, right? Well, good work anyway sitting back and collecting.