The Santa Barbara City Council has moved forward with discussions on a proposed Real Property Transfer Tax (RPTT) that could appear on the November 2026 ballot as city leaders address a projected $14.6 million budget deficit.
During the March 3, 2026 meeting, the council signaled support for continuing work on the measure, which would increase the tax on certain property sales within city limits. Officials said the proposal could generate new revenue to support affordable housing efforts and help fund essential city services.
Council members said the proposed tax is being considered as part of a broader effort to address the $14.6 million deficit in the next fiscal year…