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Lamar City Sales Tax Revenue Report

 

 

The new year is starting on a high note for Lamar’s City Sales Tax Revenue report, perhaps continuing the trend of increases that closed out 2017. November City Sales Tax collected in December 2017 showed an 11.65% gain for an increase of $28,920 over the same time period last year.  Collections for 2016 were $248,205 compared to last years of $277,125.   Use Tax collections were up 66.79% for a jump in revenue of $13,016 between 2016 and 2017 and Total Sales and Use Tax collections were up 15.75% for a gain of $42,177 over the previous year, with 2016 collections at $267,716 and 2017 at $309,893.

Year-to-Date City Sales Tax collections were up 4.84% for a difference of $157,757 between 2016 and 2017 and Total Sales Tax and Use Tax collections were up 4.36% for a gain of $156,294 over the previous year. Collections for Total Sales, Year-to-Date for 2016 were $3,588,045 and were $3,744,340 for 2017.  Vendor’s Commissions were $104,583 for 2016 and $112,900 for 2017.

Sales and Use Tax Revenue Comparison by 12 retail categories, January – December 2017:

 

2015 2016 2017
Auto Parts/Repairs 150,430 148,941

148,089

Building Materials

112,381 119,136 149,400
Apparel/Dept Stores 1,077,193 1,075,206

1,133,477

C Stores – Gas Sales

118,391 140,842 148,729
All Business/Electricity 235,894 263,614

261,873

Furn/Appliances/Elect

20,806 24,988 22,634
Grocery Stores 276,402 306,099

258,885

Motels

141,200 147,906 161,769
Liquor Sales 101,144 103,629

106,661

Manufacturing

10,843 7,608 9,984
Other Retail/All Other 692,736 640,732

696,559

Restaurants

332,769 359,919

361,790

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia ReleaseTourismTransportationUtilities

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