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Lamar City Sales Tax Revenues Take a Jump

 

 

Somebody has been spending money. The September Sales and Use Tax collections, collected in October, show an 18% hike for a $51,785 gain over last year at this same time.  Collections for 2016 were $287,753 and for 2017 at $339,538.  Total Sales and Use Tax collections posted a similar jump at 20.29% for a gain over last year of $63,109.  Collections for 2016 were $310,968 and for 2017 at $374,077.  Use Tax collections were also up 62.03% for a $13,119 improvement with 2016 collections at $21,149, compared to 2017 at $34,268.

Year-to-date figures also showed improvement, although in a lower percentile of growth. City Sales Taxes collected showed a 3.55% increase for $95,885 over this time last year.  Collections for 2016 were $2,759,217 compared to this year at $2,857,102.  Total Sales Tax collections for the same period experienced a 2.32% climb.  That translates to $70,608 over last year with 2016 collections at $3,050,015 compared to this year at $3,120,623.  Year to date Use Tax was down 11.05% and Other Collections were up 24.85%.

These are the tax collections for the 12 retail trade categories over a three year span:

2015 2016 2017
Auto Parts/Repair 128, 159 126,574

124,165

Building Materials

92,284 98,278 113,137
Apparel/Dept Stores 893,965 890,175

941,296

C Stores/Gas Sales

95,795 118,159 122,662
All Business/Electricity 202,374 230,711

226,900

Furn-Appliances-Electnc

17,965 19,382

20,608

Grocery Stores

219,506 247,158 215,678
Motels 118,376 126,186

130,293

Liquor Sales

84,416 87,153 88,527
Manufacturing 10,746 7,296

9,756

Other Retail/All Other

614,222 563.214 602,630
Restaurants 278,745 303,361

301,871

Filed Under: City of LamarConsumer IssuesEconomyFeaturedTourismUtilities

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