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Another Climb for Lamar Sales Tax Collections

 

October Sales and Use Tax collected in October indicates another gain in revenue as the year begins to close. City Sales Tax collected in October was up 12.4% for a $30,951 increase over the previous year at the same time.  Collections for 2016 were $249,570 compared to 2017 at $280,522.  Total Sales and Use Tax collections were up a generous 16.1% for an increase of $43,509 over the previous year.  Collections for 2016 were at $270,314 compared to 2017 at $313,823.  Use Tax collections were also up 84.08% for a gain of $14,604 over the previous year.  Collections in 2016 were $17,368 compared to 2017 at $31,972.

Year to Date collections also showed an increase with City Sales Tax collected up 4.28% over the previous year for a gain of $128,836. Collections for 2016, YTD, were $3,008,788 and were at $3,137,625 for 2017.  Total Sales and Use Tax collections were up 3.44% for an increase of $114,117.  Collections for 2016 were $3,320,329 and for 2017 were at $3,434,447.

The 12 Retail Trade categories for Sales Tax Collections for a three year comparison were mostly improved with several holding steady to the previous year’s figures.

2015 2016 2017
Auto Parts/Repairs 139,248 138,228

136,696

Building Materials

103,738 109,747 133,307
Apparel/Dept Stores 984,055 979,469

1,033,126

C Stores/Gas Sales

108,502 130,359 136,225
All Business/Electricity 220,417 248,414

245,636

Furn/Appliance/Electronics

19,357 23,317 21,435
Grocery Stores 240,370 268,468

237,693

Motels

131,570 137,827 146,251
Liquor Sales 93,050 95,568

97,636

Manufacturing

10,801 7,559 9,782
Other Retail/All Other 657,910 601,601

649,819

Restaurant 308,286 333,204

333,561

Filed Under: City of LamarConsumer IssuesEconomyEmploymentFeaturedTourismUtilities

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