SANTA BARBARA, Calif. - Good news for the City of Santa Barbara. Transient Occupancy Tax were up in December over last year. That means more money coming in to the city. Stats show that just over $788,183 in Transient Occupancy Tax (TOT) came in for the month of December 2012. The results were 11% over the previous December, despite having one fewer weekend day.
The City adds, "December marks the mid-point in the City's fiscal year. Through the first six months, TOT is ahead of budget by approximately $77,000 with over $7.9 million received year-to-date. TOT has grown 7.1% compared to budgeted growth of 6.1%. The current budget for TOT is $14,489,200."
The Transient Occupancy Tax table can be viewed here:
www.santabarbaraca.gov/files/finance/transient-occupancy-tax.pdf
