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Lamar Sales Tax Takes Dip and Rise

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Sales and Use Tax collections for the City of Lamar for February, collected in March, showed a slight drop with City Sales Tax down for the month at 1.2% for a drop of $2,877. Total Sales and Use Tax collections were also off by 2.46% for a loss of $6,623 for the same period.  Monthly collections for 2016 were $236,208 and Total collections were at $262,332 compared to last year at $268,956.

Year to Date collections showed sufficient carry-over to post a gain with City Sales Tax collections up 3.92% for an increase of $31,348 at this time from last year and Total Sales and Use Tax collections were up 8.51% for a year to date gain of $74,875. Year to date collections for 2016 are just under a million dollars at $954,281 compared to 2015 at $879,406.

The 12 retail trade categories showed a general increase compared to the past two years with some fluctuations:

2014

2015

2016

Auto Parts/Repairs

31,629

34,066

34,156

Building Materials

20,325

17,441

23,719

Apparel/Dept Stores

279,190

271,161

277,654

C-Stores/Gas Stations

22,692

24,463 31,383
All Business/Electricity 58,691 67,358

90,594

Furn/Appl/Electronics

7,197 6,609

6,491

Groceries

62,541 69,248 66,454

Motels

28,781 25,745

27,692

Liquor Sales 23,385 23,503

25,214

Manufacturing

882 3,188

1,434

Other Retail/All Other

194,117

211,306

206,834

Restaurants

72,741 74,650

84,648

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia ReleaseTourismTransportationUtilities

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