Tax Results for the City of Santa Barbara
Press releases are posted on Independent.com as a free community service.
SANTA BARBARA, CA – June 26, 2024
Transient Occupancy Tax Results for the City of Santa Barbara – Month Ended May 31, 2024
The City of Santa Barbara collected $2.9 Million in Transient Occupancy Taxes (TOT) for May 2024, the eleventh month in the City’s fiscal year.
Year to date, the City has collected $28.8 Million in overall TOT, of which approximately $26.4 Million came from hotels and $2.4 Million from short-term rentals. Year to date, total TOT revenues are coming in 3.1% below budget.
The Transient Occupancy Tax (TOT) is a Tax on “Transient” guests staying in any hotel, inn, motel, or other commercial lodging establishment for a period of less than 30 days.
The City’s adopted TOT budget for all funds is $33.0 Million, of which $27.5 Million is budgeted in the General Fund.
View the Transient Occupancy Tax Table. The City’s TOT tax rate is 12.0%, of which 10.0% goes to the City’s General Fund and the remaining 2.0% goes to the Creeks/Clean Water Fund.
| City of Santa Barbara | |||
| TRANSIENT OCCUPANCY TAXES | |||
| Month | FY 2024 | Change to Budget | FY 2024 Budget |
| Jul | $3,792,870 | -4.5% | $3,970,000 |
| Aug | 3,453,840 | -12.6% | 3,950,000 |
| Sep | 3,330,750 | 3.8% | 3,210,000 |
| Oct | 2,809,230 | -4.8% | 2,950,000 |
| Nov | 2,213,001 | -2.5% | 2,270,000 |
| Dec | 1,932,503 | 6.2% | 1,820,000 |
| Jan | 1,622,897 | -7.3% | 1,750,000 |
| Feb | 1,770,582 | -11.5% | 2,000,000 |
| Mar | 2,355,142 | -0.6% | 2,370,000 |
| Apr | 2,674,955 | -1.7% | 2,720,000 |
| May | 2,887,579 | 4.6% | 2,760,000 |
| Jun | 3,230,000 | ||
| FY Total | $28,843,349 | -3.1% | $33,000,000 |
| The table above includes the 10.0% charge (credited to the General Fund) and the 2.0% charge (as adopted after passage of Measure B, credited to Creeks/Clean Water Fund). |
You must be logged in to post a comment.