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City Sales Tax Revenue Shows Steady, Modest Gain

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The City of Lamar May Sales and Use Tax collected in June showed a 3.37% climb compared to the same month last year for an increase of $8,834.77 and Total Sales and Use Tax collections were up 1.65% for an increase of $4,713.70 for the same period. Taxes collected for the month were $290,173.92 compared to 2015’s figure of $285,460.22.

Total Taxes collected, year to date were up 4.87% for a gain of $85,674.55 over 2015 with collections year to date for 2016 at $1,843,576.16 and for 2015 at $1,757,901.61.

Tax revenues for the 12 retail sales categories over a three year span, January to June, showed a decline in Auto Parts/Vehicle Repair and Apparel and Department Stores, while gains were posted for Restaurants, Motels and Grocery Stores.

2014 2015 2016
Auto Parts/Veh Repair 66,208 74,459

71,736

Building Materials

48,125 47,324 54,890
Apparel/Dept Stores 543,685 541,666

540,835

C Stores/Gas

49,672 54,822 67,366
All Bsns/Electricity 105,252 113,230

137,372

Furn/Applian/Electrnc

12,312 11,563 11,974
Grocery Stores 124,442 133,645

149,655

Motels

65,722 58,531 69,074
Liquor Sales 47,108 48,860

51,318

Manufacturing

2,653 5,41

3,087

Restaurants

159,897 160,530 179,945
Other Retail 330,646 399,630

356,650

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Filed Under: AgricultureCity of LamarConsumer IssuesEconomyFeaturedMedia ReleaseTourismTransportation

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