SANTA BARBARA The city of Santa Barbara received $5.7 million in sales tax revenue during the quarter that ended June 30, 18.2 percent more than the same quarter last year.
The city attributes the “unusually high growth” to a delayed payment from the state for the quarter that ended June 30, 2018. The two0year growth from June 2017 to June 2019 is 5.2 percent, said Jennifer Tomaszewski, finance and treasury manager for the city.
The city’s sales tax is its second largest general fund reserve. The budget for the fiscal year is $22,273,000. Sales tax results for the September quarter are anticipated in November.
The city collected approximately $2.38 million in transient occupancy tax for August 2019, a 2.1 percent increase compared to August 2018.
Through the first two months of the fiscal year, which began July 1, the city has collected $4.77 million in TOT revenues. The city’s adopted 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.