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Lamar Sales Tax Shows End of Summer Gain

 

 

City of Lamar sales taxes, collected in August, showed a 12.61% increase for a gain of $32,228 over last year at this time, posting revenues of $287,825 for 2017 against $255,597 for 2016. Total Sales and Use Tax collections for the same period were up 8.68% for a jump of $24,777 in revenues.  Collections in 2016 were $285,453 compared to the same time period in 2017 of $310,231.

Year to Date collections also showed an increase, but on a lesser scale with City of Lamar sales taxes up 1.87% for a gain of $46,100. Total collections for the year are $2,517,564 compared to the same period last year of $2,471,463.  Total Sale and Use Tax collections, YTD, were up 0.27% for a modest gain of $7,499.  2016 collections were $2,739,047 compared to this year for $2,746,546.

The 12 retail trades, sales tax categories, show a mix of losses and gains over a three-year comparison period.

2015 2016 2017

Auto Parts-Repairs

115,294 114,371 112,000
Building Materials 81,406 88,044

85,212

Apparel-Dept Stores

812,570 806,855 845,829
C Stores/Gas Sales 84,633 106,320

109,168

All Bsns-Electricity

177,979 208,244 199,615
Furn-Appliance-Electrnc 14,599 15,878

14,351

Grocery Stores

197,851 223,319 188,107
Motels 101,488 112,766

111,298

Liquor Sales

76,130 78,113 78,260
Manufacturing 8,812 5,438

7,777

Restaurants

250,833 271,623

271,049

Other Retail-All Other 633,370 607,652

634,676

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Filed Under: City of LamarConsumer IssuesEconomyEmploymentFeaturedMedia ReleaseTourismTransportationUtilities

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