Santa Barbara TOT Increases 22% in January
Source: City of Santa Barbara
The City of Santa Barbara received $1,262,005 in transient occupancy tax (TOT) for the month of January 2018, which is 22.1% above January 2017 collections. This month’s increase can largely be attributed to additional stays from local residents and emergency workers as a result of the Thomas Fire and Debris Flow events. In addition, the opening of a new hotel on lower State Street in the fall continues to contribute to this year’s growth.
January marks the seventh month in the City’s fiscal year, which runs from July 1 through June 30. The City’s adopted TOT budget is $19,262,400.
The Transient Occupancy Tax table can be viewed here.
Previous Revenue News releases can be viewed here: