Santa Barbara's City Taxes Hit by COVID-19
Source: City of Santa Barbara
Sales Tax Results for the Quarter Ended March 31, 2020
The City of Santa Barbara received $3.79 million in sales tax revenues during the quarter ended March 31, 2020, which is 28% below the same quarter last year. This is largely because of the reduced economic activity in the final weeks of the quarter, due to the Covid-19 pandemic and related response.
In addition, the State of California provided relief to many small businesses by extending the deadline to file sales tax returns from April until July, and allowing some small businesses to spread those payments over the ensuing 12 months.
As the second largest General Fund revenue, the sales tax budget for fiscal year is $23,773,382. Sales tax results for the June quarter will be available in August.
For additional information on recent sales tax results, click here.
Transient Occupancy Tax Results for the City of Santa Barbara
The City of Santa Barbara collected approximately $0.55 million and $0.11 million in transient occupancy taxes (TOT) for March and April 2020. The Covid-19 pandemic and related response has severely affected the travel industry worldwide, and hotels in Santa Barbara were no exception, seeing drastically reduced revenues as a result. TOT revenues in March and April 2020 were 62% and 93% below March and April last year.
The City has collected approximately $13.9 million in TOT revenues through the first ten months of this fiscal year, which runs from July 1 through June 30. The City’s adopted TOT budget is $19,989,179.
The Transient Occupancy Tax table can be viewed here.