Santa Barbara TOT Increases 22% in January

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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:

http://www.santabarbaraca.gov/gov/depts/finance/budget/revenue_news.asp

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MissBleu Feb 28, 2018 10:28 AM
Santa Barbara TOT Increases 22% in January

Perhaps if that TOT money from evacuation events could be earmarked specifically for
Emergency Services rather than the general fund ?

visionmatters Feb 28, 2018 10:26 AM
Santa Barbara TOT Increases 22% in January

That one month plus is insignificant given the year to date was slightly lower overall until a massive 26% drop in December. If you give the local residents a TOT holiday, the budget is really headed upside down.
Lots of impacts from the disaster and rental housing price pressure up, tax revenue down, businesses closing or scaling back makes this a long term complication on top of existing retail reductions. Time for some new ways to make Santa Barbara a place to come and spend.

oops Feb 28, 2018 10:11 AM
Santa Barbara TOT Increases 22% in January

how will they pay for all the emergency services if they give everyone a tax holiday....they just raise it somewhere else on the same people.

oops Feb 28, 2018 11:40 AM
Santa Barbara TOT Increases 22% in January

policing who qualifies from scammers (yes, you know there are always people taking advantage)will cost more than the tax you propose to forgive. Secondly, .should we do this for every coming rainstorm or just certain ones that Kelsey Gerckens or John Palm I...says qualifies?

MissBleu Feb 28, 2018 09:55 AM
Santa Barbara TOT Increases 22% in January

Concur. Making revenue off of folks who were either ordered or
chose to evacuate to save their lives is a troublesome source of future
City income.

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