banner ad

City Sales Tax Remains Healthy as Year Winds Down

 

New-City-of-Lamar-Logo

 

September City Sales Tax collected in October grew 3.77% for a $10,447 increase over the previous year, putting monthly collections for 2016 at $287,753 compared to 2015 at $277,306. Total Sales and Use Tax collections were up 6.21% for a dollar gain of $18,168.  Total collections for September 2016 were $310,968, up from last year’s figures of $292,799.

Year to Date Collections, from January to October, showed a 4.21% increase. That translates to a gain of $123,354 for the year.  Total Collections for 2015 were at $2,926,661 compared to the current year of collections at $3,050,015.

Retail Trades and services are broken into twelve categories for tax collections. The three year comparison report shows significant gains in restaurants, motels, grocery stores as well as C Stores; auto parts and apparel showed a decrease for the same period.

 

2014 2015 2016
Auto Parts/Repair 122,966 128,159

126,574

Building Materials

85,725 92,284 98,278
Apparel-Dept Stores 885,699 866,170

863,024

C Stores-Gas Sales

87,580 95,795 118,159
All Business-Electricity 191,278 202,374

230,711

Furn-Appl-Electronics

17,629 17,965 19,382
Grocery Stores 219,755 219,506

247,158

Motels

121,107 118,376 126,186
Liquor Sales 81,847 84,416

87,153

Manufacturing

8,521 10,746 7,296
Restaurants 277,105 278,745

303,361

Other Retail-All Other

521,888 614,222

563,163

Filed Under: AgricultureCity of LamarConsumer IssuesEconomyFeaturedTourismTransportationUtilities

Tags:

About the Author: