Edhat StaffSource: City of Santa Barbara
Sales Tax Results for the Quarter Ended December 31, 2017
Santa Barbara received approximately $5.36 million in sales tax revenues during the quarter ended December 31, 2017, a 5.6% decrease over the same quarter last year. This decline was largely due to the impacts of the Thomas Fire on local businesses. Since sales tax revenues are received quarterly from the State, and one quarter in arrears, the City receives the 2nd quarter results for each fiscal year in March, which also marks the second sales tax payment for fiscal year 2018.
As the second largest General Fund revenue, the sales tax budget for fiscal year is $21,966,100. Sales tax results for the March quarter will be available in June 2018.
For additional information on recent sales tax results, click here.
Transient Occupancy Tax Revenues for the Months of February and March 2018
The City of Santa Barbara collected approximately $1.15 million and $1.38 million in transient occupancy taxes (TOT) for the months of February and March 2018, which is 4.7% and 0.8% above February and March of last year, respectively.
The City has collected approximately $14 million in TOT revenues through nine months of this fiscal year, which runs from July 1 through June 30. The City’s adopted TOT budget is $19,262,400.
The Transient Occupancy Tax table can be viewed here.
