Transient Occupancy Tax Down 2% in June
Source: City of Santa Barbara
The City of Santa Barbara received $1.76 million in transient occupancy tax (TOT) for the month of June 2018, which is 2 percent below June 2017 collections.
June marks the final month in the City’s fiscal year, which runs from July 1 through June 30. Total TOT revenue collected in fiscal year 2018 was approximately $18.8 million, resulting in a 1.5 percent decline for the year. Total TOT revenue fell short of the City’s adopted TOT budget of $19,262,400.
The Transient Occupancy Tax table can be viewed here.