Despite a half-cent increase in its sales tax, the City of Santa Barbara has fallen short of its revenue projections for the end of its 2025 fiscal year.
The city took in $7.3 million in sales tax revenue during the final quarter, about 8.4% below budget for the quarter.
For the full fiscal year, which ended June 30, the city’s revenue came in 6.1% under projections. The city estimated to take in $31.2 million for the year and took in $29.3 million…