SANTA BARBARA, Calif. – Official results for the City of Santa Barbara’s sales tax and transient occupancy tax have been released, but both revenue sources fell short of budget expectations.

The City of Santa Barbara announced that it collected $7.8 million in sales tax revenue during the final quarter of the city’s fiscal year ending June 30, 2024.

Total sales tax revenues for the full 2024 fiscal year were about four percent below the city’s sales tax budget of $30.6 million, the city of Santa Barbara said in a press release Monday.

Santa Barbara also imposes a tax called the Transient Occupancy Tax on guests staying for less than 30 days in commercial lodging establishments such as hotels and motels in the area.

In July 2024, the first month of the city’s fiscal year, $4 million in transient occupancy taxes were collected, shared by the City of Santa Barbara.

Of the $4 million in Transient Occupancy Taxes (TOT) collected, $3.6 million came from hotels and $400,000 from short-term rentals in the city of Santa Barbara.

According to the city of Santa Barbara, annual revenues to date are three percent below budget.

For more information, visit the City of Santa Barbara Budget and Reporting website.