Santa Barbara Receives 7.8% Increase in Hotel Taxes

23 Comments
Reads 2101

Source: City of Santa Barbara

Transient Occupancy Tax Results for the City of Santa Barbara

The City of Santa Barbara collected approximately $1.40 million in transient occupancy taxes (TOT) for November 2018, which is 7.8% above November of last year.

The City has collected approximately $9.5 million in TOT revenues through the first five months of this fiscal year, which runs from July 1 through June 30.  The City’s adopted TOT budget is $19,605,700.

The Transient Occupancy Tax table can be viewed here.

Login to add Comments

23 Comments

Toggle Comments (Show)
andrewbaker77 Jan 07, 2019 04:43 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

No it's not. What's killing housing is affordability. What's killing affordability is a lack of income. Lack of income based on the truth that purchasing power for the average american has gone up 10% in fifty years (Pew Research). Look it up, easy to find plenty of studies about the decline of the american paycheck. Pay people in keeping with the rise in real estate values, and there will be no housing availability problem.

PitMix Jan 07, 2019 02:18 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

The biggest part of the pension liability is the public safety unions like cops and firefighters. But it is hard to argue that they don't deserve a good retirement after risking their lives for us year in and year out. Also, most complaints about SB have to do with the homeless. They estimate that there are about 554,000 homeless people in the US. Our share (SB City) of that problem should be proportional to our population or (554,000/325,700,000)*92,000 or about 156 people. For the people in excess of that number, we should be getting money from the feds for them.

Factotum Jan 07, 2019 06:50 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Roofer have far more risks than police or fire workers, in every survey. Police and fire train to not get in harms way. As they should. They really don't run into burning buildings or crime scenes without ensuring their protection up front. These are highly trained professionals and paid well beyond many other "life-saving" professions we also call our personal heros. Don't overly romanticize their duties and the monetary value beyond what they already take down.

Mas Gaviota Jan 07, 2019 01:06 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

The Chicken Little anti gubment kooks hate good news from the city, the facts do not match their feelings. Some of them act like the City's finances are some sort of secret. Go to the City website and there you may read years of audited financial statements.

Factotum Jan 07, 2019 04:10 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Credit rating means property owners are expected to be good for any city generated bond debt, if voters pass more bonds. That has nothing to do with the city's unfunded pension liablity status. SB is one of worst cities in California by that measurement. City lied to us when they asked us to pass the Measure C retail sales tax increase. In fact it was just a shell game to cover the huge pension payments the city now has to make. That obligation gets even worse in the future and Measure C has not been the windfall the city promised it would be. Spend and tax. Tax and spend. Your choice - but both are very poor options today. City employees get the benefits; city residents get the same ongoing and crumbling infrastructure. A few parks got buffed up, but our streets and sidewalks remain in terrible condition.

Mas Gaviota Jan 07, 2019 01:57 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

@sbobserver: Observe the facts. The audited financial statments show that the City is in excellent financial health. The current AA3 bond rating is one of the highest in the nation. According to the "pollyannas" at Moodys that means "Aa” - Issuers or issues rated Aa demonstrate very strong creditworthiness relative to other U.S. municipal or tax-exempt issuers or issues. " Oh those rainbow unicorn loving liberals on Wall Street!

SantaBarbaraObserver Jan 07, 2019 01:24 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

You can ignore the facts and the figures but do know that your pollyanna-like approach mirrors the entirety of the city's management, the CoC, SBCA and the SB Realtors in 2007... 'Nothing to worry about folks, the economy is strong!'.

Lorax Jan 07, 2019 10:15 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Supporting the public pension system with hotel taxes is unsustainable. Sad that the City is too busy money grubbing and making inside deals to notice State Street is a basket case. It could get worse before it gets better. Hopefully they can consider rezoning lower State Street, building density apartments and having small ground level shops and markets .

Factotum Jan 07, 2019 05:25 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Most likely our pro-union city council will opt for the worst possible option: pension obligation bonds. Scream like crazy if they even suggest this worst possible way to finally face down their half billion dollar pension under-funding problem - the clock is ticking. Baby boomer retirements have set off the ticking pension time bomb which is now upon us. CalPers has sent plenty of warnings,, but city continues to keep their head in the sand. Voters, do pay attention to this highly troubling issue. The city is not playing straight with us while they continue to delude our city council members too. Many are just laying low just to cash in on their own pensions and get gone. This is a serious crisis - and no one officially if playing straight.

SantaBarbaraObserver Jan 07, 2019 04:25 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Just look at our posts. They're downvoted for deletion pretty quickly. There are thousands of people who work for the government, directly and indirectly in this town. Government is the largest employer in the city and county when all ancillary services and operations are counted. So it's no wonder so many people have a vested interest in keeping the noise level low especially when it comes to the fiscal solvency of the city and our leaders actual abilities and strengths.

SantaBarbaraObserver Jan 07, 2019 11:09 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

What you describe is what happens when we continue to elect inept, inexperienced, uneducated representatives to run the city and control its budget and its future. The record is clear. They spend your money, payback their benefactors, hire their cousins and friends and spend your grandchildren's money as if it was both real and infinite. Murillo is the third such mayor we have had in a row. Both of our previous mayors have had no prior budgeting (p/l), business or finance experience, let alone formal economics education. And as such, they all proved completely incapable of addressing let alone mitigating the financial mess that plagues the city of SB. Instead they all increased taxes, increased spending, increased debt and liabilites, all while the foundation of our city decayed right in front of your eyes. Selling your city to the lowest common denominator (tourism) is as short sighted as possible. These are low wage jobs catering to out of town corporate interests. Not only do they undermine the city, they steal our most limited resources and return pennies on the dollar to our citizens. We need to reduce the city's budget, decrease reliability on fickle, cycilcal tourism dollars and rebuild our city's core. Who is going to pay for the pensions, the infrastructure the debt and the liabilities the city has accumulated? Their plan? Just bring in more cruise ships, fill more $300 a night Motel6 rooms and hope that things just get better on their own...

Factotum Jan 07, 2019 10:23 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Even sadder, we keep electing city council members who refuse to even acknowledge this fiscal unsustainability. And re-elect those who inflicted this on us in the first place, yet who skip out when the bills come due - Gregg Hart comes to mind. Why do we keep doing this?

Factotum Jan 07, 2019 09:40 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

How many quarterly "increases" in tax revenues will it take to wipe out the city's current one billion dollar unfunded liabilities for employee pensions and infrastructure maintenance backlog? And only if these tax revenue "increases" are put into a lock-box, instead of getting spent on more ongoing city employee perks and benefits.

Factotum Jan 06, 2019 09:44 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Don't celebrate any "increase" yet - this area was devastated by fires last year about this time last year. The key is to budget within your means, which the city has not done for a long long time and is carrying a huge unfunded liability of approximately one billion dollars - unfunded city employee pensions and huge infrastructure maintenance backlog. We need sober talk about city revenues as they relate to city liabilities; not distorted happy talk about short-term quarterly increases. City residents want to know how many happy-talk quarterly increases will it take to wipe out the current one billion dollar unfunded city liabilities. Give it to us straight, city finance office.

Luvaduck Jan 07, 2019 07:49 AM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

Amen. When the public lets politicians act like freshmen kid with a credit card that gives "free" money, that's what happens. It would help if politicians and media had a background in economics instead of merchandising.

Point Rey Part 2 Jan 06, 2019 10:25 PM
Santa Barbara Receives 7.8% Increase in Hotel Taxes

That makes no sense. The article literally states "for November 2018, which is 7.8% above November of last year" The Thomas Fire started December 4th. You comment abou the area being devastated by fires does not make sense.

Please Login or Register to comment on this.