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Extracted from Consolidated Report
This investigation was originally published as part of a larger consolidated report containing multiple investigations. View the consolidated PDF for the complete document.
Santa Barbara County Grand Jury
• 2012-2013
Taxing OIL Tapping into Santa Barbara County’s Natural Wealth
⚠️ Translation Notice: This content has been automatically translated. The original English text is the official version. Translation may contain errors.
⚠️ Este contenido ha sido traducido automáticamente. El texto original en inglés es la versión oficial. La traducción puede contener errores.
Findings 4 findings
F1
Page 8
The principal vehicle for taxing oil production in California, the property tax, was lowered substantially with the passage of Proposition 13 in 1978.
F2
Page 8
The County of Santa Barbara is facing estimated budget gaps of $5 million in Fiscal Year 2013-2014 and $13.7 million in Fiscal Year 2014-2015.
F3
Page 8
Once the proposed North County Jail opens, its operating cost is projected to deplete the Santa Barbara County General Fund by $17.3 million annually.
F4
Page 8
An oil production tax could generate essential new and ongoing revenue for the County.
Recommendations 1
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R1Page 8That the members of the Santa Barbara County Board of Supervisors follow the recommendation of the Chief Executive Officer of the County of Santa Barbara and allow the voters to decide if an oil production tax will be implemented by putting this issue on the next county-wide ballot.
No Responses Found 1
Government entities assigned to respond to this report. No response documents have been linked in our database.
Santa Barbara County
County