The City of Santa Barbara collected $2.86 million in transient occupancy taxes (TOT) for October 2022. TOT revenues in October 2022 were about 17.4% above the monthly budget, continuing a solid uptrend that 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%. 10% goes to the City’s General Fund and the remaining 2% goes to the Creeks/Clean Water Fund.