Transient Occupancy Tax Results for January
Source: City of Santa Barbara
The City of Santa Barbara collected approximately $1.02 million in transient occupancy taxes (TOT) for January 2019, which is 19.1% below collections from January last year. However, this significant decline is due to the fact that January 2018 TOT revenues were unusually high because of the Thomas Fire and debris flow event, which caused many area residents to stay in local hotels for extended stays. As a more telling comparison, the two-year growth from January 2017 to January 2019 is down 1.4%.
The City has collected approximately $11.7 million in TOT revenues through the first seven months of this fiscal year, which runs from July 1 through June 30. The City’s adopted TOT budget is $19,605,700.
The Transient Occupancy Tax table can be viewed here.