Santa Barbara TOT Grows 9.2% in August

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Source: Finance and Treasury of the City Of Santa Barbara 

The City of Santa Barbara received $2.33 million in transient occupancy tax (TOT) for the month of August 2018, which is 9.2 percent above August 2017 collections. This strong growth is due in part to an increase in average room rates and the opening of a new hotel within the year.

The City has collected approximately $4.6 million through two 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.

Previous Revenue News releases can be viewed here:

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IsThereReason Oct 10, 2018 01:36 PM
Santa Barbara TOT Grows 9.2% in August

The City collects plenty of fees and taxes between to TOT, school taxes, zoning report “violation” corrections, slip transfer fees, etc... The City has been very creative in ways to obtain money. They need to start balancing a budget and decrease the spending. The City also needs to figure out the homeless issue if the6 want to increase tourism. KEY had reported the City spent 22 million on the City’s 900 homeless.

SantaBarbaraObserver Oct 10, 2018 08:30 AM
Santa Barbara TOT Grows 9.2% in August

The ToT has to increase or the city's decades of poor fiscal management comes into the light very, very quickly. Remember folks, the city has already spent every single dollar they get from us (the residents) on padded salaries, pet projects consultants, and extraordinary retirement packages and unless the TOT brings in their overly generous projections, they take the funds from the General Fund (parks, the schools, the roads and our infrastructure). Oh and lets not forget that Motel 6 runs $300 a night in the summer... How much more will people play to stay there? How about we start cutting costs so our kids can have nice thing too without more taxes and fees?

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