Tax Increase Options Could be Going to Santa Barbara Voters This Year
John Palminteri
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.
A survey was just conducted to provide early voter insights.
This will be presented to the full City Council after a report recently to the Finance Committee. To pass it will take a two-thirds vote later this year.
The Latest Breaking News, Weather Alerts, Sports and More Anytime On Our Mobile Apps. Keep Up With the Latest Articles by Signing Up for the News Channel 3-12 Newsletter.