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PRESS RELEASE / ANNOUNCEMENTS Monday, August 31, 2015

Transient Occupancy Tax Up 5.6% in July

In the first month of the new fiscal year, the City of Santa Barbara collected more than $2.2 million in Transient Occupancy Taxes (TOT), resulting in a growth of 5.6% over the same month last year. The number of weekend days in a month directly affects lodging revenues and the City’s TOT. July 2015 had one extra weekend night compared to July 2014.

The budget for Fiscal Year 2016, which runs from July 1 through June 30, is $19,707,100.

The Transient Occupancy Tax table can be viewed here.


Previous Revenue News releases can be viewed here:

http://www.santabarbaraca.gov/gov/depts/finance/budget/revenue_news.asp

Contact

Contact: Julie Nemes, Treasury Manager
Phone: (805) 564-5340
Email: JNemes@SantaBarbaraCA.gov

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