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Healthy Gain for City Sales Tax

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The January 2016 City Sales Tax report shows Sales and Use Tax up for the start of the year. City Sales Tax is up 6.15% and Total Sales is at 9.06% for a $23,461.12 increase over last year.  Receipts for January are at $282,450.18.

Year to Date collections are also up for the past two months as City Sales Tax is at 6.11% for a gain on the year of $34,225.48. Total Sales and Use Tax collections are up 13.35% for a gain of $81,498.79.  Total Receipts for the year to date are at $691.948.84

The tax revenue for the 12 different retail and service categories for the City of Lamar show a mix of loss and gain with some categories within only several hundred dollars from each other. All Business/Electricity showed a significant increase as did grocery sales and restaurants, while auto parts and appliances were nearly level for the three year comparison.

2014

2015 2016
Auto Parts/Vehicle 21,657 23,804 21,840
Building Materials

14,993

12,440

16,070

Apparel/Dept Stores

199,728

191,161

193,284

C Stores / Gas

15,694

16,772

21,014

All Business/Electricity

40,796

47,334

73,319

Furn/Elec/Appliances

5,853

4,717

4,989

Grocery Stores

42,664

33,424

48,533

Motels

19,804

17,379

17,318

Liquor Stores & Sales

17,054

16,678

17,861

Manufacturing

830

3,087

2,272

Restaurants

51,794

50,141

59,830

Other Retail/All Other

161,667

179,525

176,554

 

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