The town of Santa Barbara studies a scarcity of anticipated tax income from the native journey business attributed to the results of the COVID-19 pandemic.
In response to an announcement from town, Santa Barbara collected $ 385,130 in short-term occupancy tax for December 2020. That’s 65% lower than the income generated in December 2019.
The latest will increase in instances of coronavirus together with authorities restrictions have weakened journey necessities, which is a serious impediment for corporations providing lodging. The decline in demand is predicted to proceed till the spring. They hope to see a rise in lodge occupancy in the summertime.
The town says it has raised $ 7.2 million within the first six months of the fiscal yr, which runs from July 1 to June 30. Santa Barbara’s estimated present tax finances is $ 17.2 million.
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