SANTA BARBARA — The city of Santa Barbara collected $2.86 million in transient occupancy taxes for October.
The month’s TOT revenues were about 17.4% above the monthly budget, continuing an uptrend that the city said is fueled by higher average daily rates and strong seasonal demand for rooms.
The city has collected $13.63 million through October, the fourth 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 city’s TOT tax rate is 12%, of which 10% goes to the General Fund and the remaining 2% goes to the Creeks/Clean Water Fund.
— Neil Hartstein
