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Significant Gains for Lamar December Sales Tax Revenue

 

 

The January 2018 Revenue Report from the City of Lamar, based on December sales collected in January, shows City Sales Tax collections up 19.74% and Total Sales and Use Tax collections up 25.64%. The difference in the City Sales Tax was a $69,682 gain with 2017 at $352,923 and 2018 at $422,605.  The Total Sales and Use Tax was up $102,655 with 2017 at $400,435 and 2018 at $503,090.  Use Tax collections were up 98.38% for a gain of $34,521 with 2017 at $35,091 and 2018 was double at $69,612.

At the start of 2018, the Year to Date figures are identical.

Taxes collected on the 12 retail trade categories for the past three Januarys (2016-2018) indicated significant growth due mostly to construction projects brought about by the August 2017 hail storm and associated repairs, plus various local business developments.

2016 2017 2018
Auto Parts-Vehicle Repair 11,214 13,360

12,846

Building Materials

8,608 7,876 43,453
Apparel-Dept Stores 112,962 116,152

11,030

C Stores-Gas Stations

10,710 11,620 118,783
All Business-Electricity 54,838 32,444

61,659

Furn-Appliance-Electrncs 3,455 4,798 3,572

Grocery Stores

23,763 22,028 23,418
Motels 9,266 8,557

13,288

Liquor Sales

10,598 10,135 11,651
Manufacturing 2,158 3,291

2,375

Other Retail/All Other

120,182 110,456 136,013
Restaurants 25,404 27,832

27,014

 

Filed Under: City of LamarConsumer IssuesEconomyFeatured

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