SANTA BARBARA The city of Santa Barbra received approximately $6.29 million in sales tax revenues during the quarter that ended Dec. 31, 2019, which is a 3.7% increase from the same quarter last year.
The sales tax budget for the fiscal year is $23,773,382, which is the second largest general fund revenue. Sales tax results for the March quarter are expected to be available in May, Jennifer Tomaszewski, interim finance director for the city, said in a news release.
The city collected approximately $1.11 million in transient occupancy taxes for December 2019, which is a 6.1% decrease from December 2018. The decrease is attributed to the “residual effects of the Cave Fire and the wet weather during Christmas week,” Ms. Tomaszewski said.
In January, the city collected about $1.09 million, a 6.2% increase from January 2019.
“Lodging establishments benefitted from sunny weather throughout the month and an extra weekend night this year,” Ms. Tomaszewski said.
The city has collected approximately $12 million in TOT revenues through the first seven months of the fiscal year, which runs from July 1, 2019, through June 30. The city’s adopted TOT budget is $19,989,179.
Transient occupancy tax, also known as bed tax, is charged to guests at short-term rentals such as hotels and motels.