SANTA BARBARA, Calif. (KEYT) – On Monday, the city of Santa Barbara released their tax results from a portion of the year, reporting the estimate revenue gained in Transient Occupancy Taxes (TOT) from commercial lodging since the start of the city’s fiscal year.
The city is wrapping up 2025, and the halfway mark of their fiscal year with a collected $17.7 million in TOT, a reported 3.2% above budget.
Transient Occupancy Taxes, or “bed tax,” is placed on impermanent guests staying in any commercial lodging within the city for a period of less than 30 days…