H-SANTA BARBARA

Mar 21, 2013 12:33 AM by Katherine Worsham, KSBY News

Santa Barbara welcomes increased tax revenue

The City of Santa Barbara is reporting continued growth in key tax revenues, although at a slower pace.

City officials say Santa Barbara received more than $5.1 million in sales tax revenue for the last quarter of 2012. They say sales taxes for the second quarter of the fiscal year grew 4% compared to the same quarter of 2011.

That growth is consistent with historical averages, but the lowest growth realized in the last six quarters, which averaged 8.6%.

City officials also report receiving more than $830,000 in Transient Occupancy Tax for the month of February 2013. That's just 0.2% more than the previous February and the lowest growth rate so far this fiscal year.

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