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End of Summer Tax Dip for Lamar

 

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The City of Lamar monthly sales tax report showed a slight drop of 3.47% for this past August, down $9,186 compared to the same time last year. Collections in 2015 were $264,784 and were at $255,597 for this past August, collected in September.  Total Sales and Use Tax collections posted a very slight loss of 0.46% for a drop of $1,322.  The combined taxes for this period last year were $286,776 and were at $285,453 for this past month.

Taxes fared better on a year-to-date scale with City Sales Tax up 1.70% and Total Sales and Use Tax collections up 3.99%. This marks a gain of $105,185 for this year, compared to the same time in 2015.  Total YTD collections for 2015 were at $2,633,862 and were at $2,739,047 for the current assessment.

Here is the tax revenue for the City of Lamar, January through September 2016 in twelve retail trades categories:

2014

2015

2016

Auto Parts/Repairs

100,341 115,294 114,371
Building Materials 76,988 81,406

85,038

Apparel/Dept Shores

805,717 812,570 806,855
C Stores/Gas 78,171 84,633

106,156

All Business/Electricity

168,601 177,979 208,244
Furn/Appliance/Electrcs 16,329 16,324

17,196

Grocery Stores

187,301 197,851 223,319
Motels 108,746 101,488

112,766

Liquor Sales

73,687 76,130 76,914
Manufacturing 3,899 8,812

5,436

Restaurants

249,593 250,833 267,638
Other Retail/All Other 463,196 549,859

501,795

Filed Under: City of LamarConsumer IssuesEconomyFeaturedTourismTransportationUtilities

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