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Lamar’s Monthly Sales Tax Revenue is Up, YTD is Still Trending Low

 

 

Total Sales and Use Tax collections for The City of Lamar for June sales, collected in July, were up 5% for a $15,955 gain over the same time last year. 2016 collections for June were at $318,878 compared to 2017 with $334,833.  City Sales Tax collections for the same period were up 5.34% showing a gain of $15,952 with 2017 monthly collections at $314,737 and 2016 with $298,784.

Year to Date collections noted a slight gain, 0.44% for June 2017, which translated to a gain of $8,589 for total collections. June 2017 posted $1,947,403 while 2016 posted $1,938,814.  Total Sales and Use Tax collections for the same period were off 1.76% with June at $2,124,343 for 2017 and $2,162,454 for 2016.

The 12 retail sales categories showed tax collections for the past three years at lower revenue for the current year:

2015

2016

2017

Auto Parts/Repair

88,019 88,148 86,281
Building Materials 59,263 67,090

62,246

Apparel-Dept Stores

633,181 631,430 661,103
C-Stores/Gas Sales 64,332 80,452

81,664

All Business-Electricity

130,073 157,830

142,710

Furn-Appliance-Electrnc

13,220 14,223 16,394
Grocery Stores 154,391 175,435

150,411

Motels

72,997 83,333 76,486
Liquor Sales 57,959 60,423

59,389

Manufacturing

8,242 5,392 7,645
Other Retail/All Other 465,707 420,161

429,665

Restaurants

190,585 211,514

204,796

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia Release

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