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City of Lamar May 2017 Sales and Use Tax Report

 

 

May was a better month for sales tax collections for the City of Lamar. Taxes collected in June show the City Sales Tax was up 3.18% for a gain of $8,602 for the previous year.  Collections for 2016 were $270,707 for last May while the month for this year brought in $279,310.  Total collections were up 2.51% for a gain of $7,277 over last year at this time.  2016 revenues were $290,173 compared to this year for May at $297,451.

Year-to-date sales are still slow. May collections for City Sales Tax were off by less than half a percent at 0.45% for a drop of $7,363 compared to last year.  Collections for 2016 were at $1,640,030 while the current collections were at $1,632,666.  Total collections, year-to-date, showed a more significant drop, but also in line with past months at -2.93% for a drop of $54,066 compared to 2017.  Last year’s total collections were at $1,843,576 while the 2017 total is at $1,789,509.

The 12 retail trade categories over a three year span are as follows:

2015 2016 2017
Auto Parts/Repairs 74,459 71,736

70,351

Building Materials

47,324 54,890 52,031
Apparel & Dept Stores 541,666 540,836

562,208

C Stores & Gas Stations

54,822 67,366 66,923
All Bsns/Electricity 113,230 137,372

122,891

Furn/App/Electronics

11,563 11,974 13,088
Grocery Stores 133,645 149,655

128,188

Motels

58,531 69,074 60,566
Liquor Sales 48,860 51,318

49,515

Manufacturing

5,441 3,087 5,888
Other Retail/All Other 399,630 356,805

357,555

Restaurants

160,530 179,945

172,492

Apparel and Department stores showed a gain for 2017, while All Business/Electricity, Groceries, Motels and Restaurants showed a downturn.

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