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Lamar Sales Tax Revenue Report

 

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Revenue from the City of Lamar sales tax declined again, posting a 3.75% drop for City Sales Tax, Use Tax and other collections, and a 3.95% drop for Sales and Use Tax collected since the start of the year. The City Sales Tax was off a fraction of a percentage point at 0.04%.  The May report for taxes collected in April showed a $10,613 decline compared to the same month last year when the total collections were $283,298 for 2016 compared to $272,684 for the current year.

Year-to-date collections for City Sales Tax were off 1.17% for a decrease of $15,966 and down a cumulative 3.95% or $61,343 off from the same time last year. Collections for 2016 were at $1,553,402 and for 2017 total collections were at $1,492,058.

The 12 retail trades categories of sales tax revenue had a drop in about 50% of the categories, comparing the pasts three years, year-to-date.

 

2015 2016 2017
Auto Parts/Repair 62.428 60,129 56,889
Building Materials 36,463 43,119 41,063
Apparel/Dept Stores 447,736 447,893 465,769
C Stores/Gas Sales 45,805 54,953 54,355
Furn/Appliance/Elects 10,306 10,169 11,270
Grocery Stores 111,705 124,058 105,527
All Business/Electricity 98,077 121,679 106,541
Motels 46,944 53,176 45,862
Liquor/Drinking Estab 39,873 42,009 40,282
Manufacturing 5,397 2,970 5,601
Other Retail/All Other 345,987 309,138 308,139
Restaurants 131,848 148,484 138,576

 

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