The development of accelerating revenues from hashish taxes is continuous in Santa Barbara County, in accordance with a second quarter report back to be delivered Tuesday to the Board of Supervisors.
In the course of the second quarter of the 2020-21 fiscal 12 months, hashish tax income was $2.6 million, in accordance with the report ready by Brittany Heaton, principal hashish analyst, and Steven Yee, fiscal and coverage analyst.
Within the second quarter final fiscal 12 months, the income was $2 million, and in 2018-19, the primary 12 months of authorized leisure hashish in California, the tax income for the county was $1.eight million.
That roughly mirrors the development from the primary quarter revenues, which began at $1.eight million in 2018-19, rose to $2.eight million in 2019-20 and jumped to $four.2 million in 2020-21.
If the development of regular will increase continues by the third and fourth quarters this fiscal 12 months, it might present ammunition for supervisors who want to see the hashish revenue thought-about ongoing income allotted to particular county companies.
In actual fact, the midyear monetary report delivered to supervisors final Tuesday estimated hashish tax income for the 12 months shall be $three.four million greater than anticipated when the 2020-21 price range was ready.
By county voter mandate, hashish tax revenues are first utilized to cowl the price of administering county hashish rules, assuring compliance and conducting enforcement operations.
Parts of the remaining stability have then been used to pay for different county companies like legislation enforcement and well being care — “issues that make our neighborhood higher,” stated third District Supervisor Joan Hartmann.