Santa Barbara’s Hotel Tax Now Half-Percent Above Budget as of September

City Hall El Paseo Downtown Santa Barbara Building (Courtesy)

The City of Santa Barbara collected $3.6 Million in Transient Occupancy Taxes (TOT) for September 2024, the third month in the City’s fiscal year.

Year to date, the City has collected $11.7 Million in overall TOT, of which approximately $10.3 Million came from hotels and $1.4 Million from short-term rentals. Year to date, total TOT revenues are coming in 0.5% above budget.

The Transient Occupancy Tax (TOT) is a Tax on “Transient” guests staying in any hotel, inn, motel, or other commercial lodging establishment for a period of less than 30 days.

(Courtesy)

The City’s adopted TOT budget for all funds is $34.5 Million, of which $28.7 Million is budgeted in the General Fund.

View the Transient Occupancy Tax Table. The City’s TOT tax rate is 12.0%, of which 10.0% goes to the City’s General Fund and the remaining 2.0% goes to the Creeks/Clean Water Fund.

For additional current and historical financial data, visit the City’s Budget & Reporting webpage.

What do you think?

Comments

0 Comments deleted by Administrator

Leave a Review or Comment

Santa Barbara County Education Office Launches Multimedia Campaign to Inspire the Next Generation of Public Education Professionals 

McDonald’s to Resume Quarter Pounder Sales Amid E. coli Scare, Onions Excluded