SANTA BARBARA, Calif. (KEYT) – On Tuesday, Santa Barbara will consider 2026 ballot measures to increase funds as it faces upcoming financial challenges.
For the current Fiscal Year 2026, a $8.7 million deficit was projected for the city’s budget. For Fiscal Year 2027, to start on July 1st, the city is facing a projected $14.6 million deficit.
At today’s meeting, city council will consider increasing the transient occupancy tax from 12% to 14%, as well as increases to certain property and cannabis retail taxes…