banner ad

City Sales Tax Revenues Enter 2017 with Gains

 

New-City-of-Lamar-Logo

Sales tax revenue figures for November sales and Use Tax collected in December show a 6.27% gain for City of Lamar sales tax and a 6.46% increase for Total Sales and Use Tax collections. Sales tax collections were up $14,636 compared to 2015 and up $16,252 for the same period.  Total monthly collections for 2016 were $267,716 compared to 2015 at $251,463.

Year to date collections, from January to December 2016 were also up with City Sales Tax at 1.83% for a modest gain of $58,563 for the year before and 3.96% for all collections for an increase of $136,815 over 2015. Total collections for 2016 were $3,588,045 compared to 2015 at $3,451,230.

A three year comparison of the 12 retail trades categories shows a degree of fluctuation in gains and losses for sales tax revenue in some specific categories:

  2014 2015 2016
Auto Parts/Repair 136,640 150,430 148,941
Building Materials 101,700 112,381 119,136
Apparel/Dept Stores 1,071,310 1,077,193 1,075,206
C Stores-Gas Sales 104,284 118,391 140,842
All Business-Electricity 223,902 235,894 263,614
Furniture-Appl-Electrnc 20,407 20,806 24,988
Grocery Stores 261,379 276,402 290,714
Motels 141,618 141,200 147,906
Liquor Stores-Sales 98,259 101,144 103,629
Manufacturing 8,730 10,843 7,608
Restaurants 328,023 332,769 359,919
Other Retail-All Other 600,190 692,736 640,532

Filed Under: AgricultureCity of LamarConsumer IssuesEconomyEmploymentFeaturedTourismTransportationUtilities

Tags:

About the Author: