banner ad

Early Year Drop in Sales Tax

New-City-of-Lamar-Logo

Sales tax revenue for the City of Lamar declined for January 2017, according to February collections. City Sales tax was down 7.97% for a drop of $20,370 compared to last year.  Total Sales and Use Tax collections were off 10.09% for the same period for a decrease of $28,491, comparing $282,450 collected in 2016 to $253,958 for this year.

Year-to-Date collections were also down with City Sales tax revenue down 1.12% for a loss of $6,667 and total collections posted a 5.43% drop for a loss of $37,554 for the sale period. 2016 collections were at $691,948 and collections for 2017 were $654,687.

The twelve retail trades categories displayed a mix of gains and losses over a three year span as noted in the display:

 

2015 2016 2017
Auto Parts/Repair 21,657 23,804

21,840

Building Materials

14,993 12,440 16,070
Apparel/Dept Stores 199,728 191,161

193,284

C Stores/Gas

15,694 16,772 21,014
All Business/Electricity 40,796 47,334

73,319

Furn/Appliance/Electy

5,853 4,717 4,989
Grocery Stores 42,664 33,424

48,533

Motels

19,804 17,379 17,318
Liquor Sales 17,054 16,678

17,861

Manufacturing

830 3,087 2,272
Restaurants 51,794 50,141

59,830

Other Retail/All Other

161,667 179,525

176,554

Print Friendly

Filed Under: City of LamarConsumer IssuesCountyEconomyFeaturedTourismTransportationUtilities

Tags:

About the Author: