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City Sales Tax Shows Slight Monthly Drop

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Sales tax for the City of Lamar dropped slightly for the October 2016 sales which were collected in November. City Sales Tax was off 3.08% for a decline of $7,941.41 putting 2016 collections for the month at $249,570.96 compared to 2015 figures of $257,512.37.  Total Sales and Use Tax collections came in for the month, down 1.02% for a drop of $2,791.44, putting 2016 collections at $270,314.20 compared to the previous year of $273,105.64.

Year to Date collections for City Sales tax was up 1.48% for a gain of $43,927.35. 2015 figures were at $2,964,860.85 compared to $3,008,788.20 for 2016.  Year to Date City and Use Tax collections were up 3.77% for a gain of $120,562.56.  Year to Date for 2016 was at $3,320,329.40 while the collections for 2015 were at $3,199,766.84.

The 12 retail trades categories showed an increase for sales tax revenue collected for the past three years in almost every category save for manufacturing, apparel and a minor drop in auto parts:

 

2014 2015 2016
Auto Parts/Repair 126,110 139,248

138,228

Building Materials

94,674 103,738 109,747
Apparel/Dept Stores 972,665 984,055

979,469

C Stores/Gas Sales

96,186 108,502 130,359
All Business/Electricity 208,143 220,417

248,414

Furn/Applian/Electrncs

19,051 19,357 23,317
Grocery Stores 239,836 240,370

268,468

Motels

132,602 131,570 137,827
Liquor Sales 90,159 93,050

95,568

Manufacturing

8,570 10,01 7,559
Restaurants 304,614 308,286

333,204

Other Retail/All Other

653,930 764,054

729,251

 

Filed Under: City of LamarConsumer IssuesEconomyFeaturedTourismTransportationUtilities

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