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Lamar Sales Tax Revenue Report for July 2017

 

The City of Lamar Sales Tax collection report showed a healthy bump for taxes collected for July. City Sales Taxes were up 1.91% for a $5,283 growth over the same month in 2016.  2017 collections were at $282,234 while last years were at $277,051.  Total Sales and Use Tax collections for the same period were up 7.16% for a monthly gain of $20,832 with 2017 collections at $311,971 compared to last year at $291,138.

Year-to-Date collections were both up and down fractionally.   July thru August for the period was up 0.63% for a gain of $13,872 with 2016 collections at $2,215,866 for City Sales Tax and 2017 posted $2,229,738 for the same period.  Total Sales and Use Tax collections dropped a fraction by 0.70% for a loss of $17,278 when comparing 2016 to 2017.  Last year’s collections were at $2,453,593 while 2017 collections were at $2, 436,314.

The 12 retail sales categories showed a general decrease in collections over a three year period for January through August for 2015 to 2017:

 

2015 2016

2017

Auto Parts-Repair

102,015 101,422 98,262
Building Materials 70,566 77,067

72,181

Apparel-Dept Stores

723,983 719,579 753,154
C Stores-Gas Stations 74,613 93,516

95,716

All Bsns/Electricity

155,710 182,384 170,408
Furn-Appl-Electrncs 14,687 15,688

17,830

Grocery Stores

176,709 200,287 173,510
Motels 86,375 98,486

92,901

Liquor Outlets

67,447 69,608 69,097
Manufacturing 8,646 5,419

7,766

Other Retail-All Other

504,108 461,708 476,720
Restaurants 221,424 243,005

235,499

Filed Under: AgricultureCity of LamarConsumer IssuesEconomyFeaturedRecreationTourismTransportationUtilities

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