Santa Barbara Transient Occupancy Tax Increases 4.2% in May

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Source: City of Santa Barbara

The City of Santa Barbara received approximately $1.59 million in transient occupancy tax (TOT) for the month of May 2018, which is 4.2% above May 2017 collections.

The City has collected approximately $17.1 million in TOT revenues through 11 months of this fiscal year, which runs from July 1 through June 30.  The City’s adopted TOT budget for fiscal year 2018 is $19,262,400.

The Transient Occupancy Tax table can be viewed here.

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Factotum Jun 26, 2018 07:17 PM
Santa Barbara Transient Occupancy Tax Increases 4.2% in May

City owes $23 million this year to fund employee pensions. This will help. Or they could save this increased amount in a lock box, because the dity will owe $40 million for employee pensions in a few more years.

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