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PRESS RELEASE / ANNOUNCEMENTS Sunday, May 5, 2013

Transient Occupancy Tax Up 12.4% in March

The City received $1,067,518 in Transient Occupancy Tax (TOT) for the month of March 2013, a 12.4% increase over March 2012.


This strong growth rate is particularly notable since it builds upon a strong March of 2012 when TOT collections were 15.2% higher than March of 2011.

Through the first nine months of the fiscal year, which ends in June 2013, the City has collected over $10.6 million in TOT revenues, 6.5% ahead of last year through the same period. With three months of collections to go, revenues appear on track to meet the budgeted growth of 6.1%. The current adopted budget for TOT is $14,489,200.

Additional information on transient occupancy tax results can be found here:

http://www.santabarbaraca.gov/Files/Finance/Transient_Occupancy_Tax_March_2013.pdf

Previous Revenue News releases can be viewed at:

http://www.santabarbaraca.gov/Government/Finance/General_Fund_Revenue_News

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