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City Sales Tax January 2018 Revenue Report

 

 

City Sales Tax for the City of Lamar for January 2018 showed a slight increase of 1.24% or $2,914 over the previous year. Collections for 2017 were $235,142 compared to 2018 of $238,056.  Total Sales and Use Tax collections were up 10.09% over the previous year with a gain of $25,630.  Collections for 2017 were $253,958 compared to 2018 of $279,589.  Use Tax collections were up 130.52% for $22,501 for January.  Collections for 2017 were $17,240 compared to $39,742 for the past January.

Year to date figures show a healthy improvement over the previous year with Sales Tax collections up 12.35% for a gain over last year of $72,596. Collections for 2017 were $588,065 and for January, collections were at $660,662.  Total Sales and Use Tax collections are up 19.60% with a difference of $128,286 over the previous year at this time.  Collections for 2017, year to date are $654,394 and are $782,680 for 2018.

A three year comparison on sales tax revenue for 12 retail goods and services for Lamar shows a generally favorable increase with one or two downturns.

 

2016 2017

2018

Auto Parts/Vehicle Repair

21,840 22,592 25,234
Building Materials 16,070 13,933

51,848

Apparel/ Department Stores

193,284 194,484 201,377
C Stores/Gas Sales 21,014 21,644

39,891

All Business/Electricity

73,319 54,047 83,084
Furn/Appliance/Electronics 4,989 6,447

4,752

Grocery Stores

48,533 41,676

29,396

Motels 17,318 15,685

24,512

Liquor Sales

17,861 16,658 18,632
Manufacturing 2,272 4,201

2,718

Other Retail/All Other

158,243 157,376 183,176
Restaurants 59,830 52,530

54,581

 

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia ReleaseTourismTransportationUtilities

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