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SANTA BARBARA, CA – 10/20/2022
The City of Santa Barbara collected $3.21 million in transient occupancy taxes (TOT) for September 2022. TOT revenues in September 2022 were about 28.2% above the monthly budget, continuing a solid uptrend that is fueled by higher average daily rates and strong seasonal demand for rooms.
The City has collected $10.77 million through September, the third month in the City’s fiscal year. The City’s adopted TOT budget for all funds is $28.3 million, of which $23.6 million is budgeted in the General Fund.
The Transient Occupancy Tax table can be viewed on the attachment. The City’s TOT tax rate is 12%. 10% goes to the City’s General Fund and the remaining 2% goes to the Creeks/Clean Water Fund.
