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Steady Forward Progress on Lamar City Sales Tax Revenue

 

 

 

Money is being spent in Lamar as figures for the March Sales and Use Tax report indicates healthy revenues. The 3% City Sales Tax is up 10.21% over this time last year for a gain of $28,741.  Collections for 2017 were $281,626 while this year was $310,368.  Use Tax collections are up 42.25% for a gain over last year of $10,371.  Figures for 2017 show the Use Tax at $24,546 and the collections for this year are $34,918.  Total Sales and Use Tax collections are up 13.37%.  That’s a $40,979 gain over last year with 2017 collections at $306,559 and 2018 at $347,539.

Year to Date collections are still ahead in all categories. City Sales Tax is up 11.76% for a gain of $129,390.  2017 collections were $1,100,596 compared to 2018 at $1,229,986.  Use Tax is up 65.69% for an increase of $67,888 over 2017 which posted $103,501 in collections compared to this year of $171,389.  Total Sales and Use Tax collections are up 16.22%, year to date for an increase over 2017 of $197,816 which had collections for that part of the year at $1,219,373 and collections for 2018 are at $1,417,190.

The year to date sales tax revenue for the 12 retail categories is as follows for the past three years:

 

2016 2017 2018
Auto Parts-Repair 47,430 46,082

50,980

Building Materials

33,225 31,477 75,152
Apparel-Dept Stores 364,053 375,729

384,452

C Stores – Gas

42,941 43,325 74,780
All Business-Electricity 105,982 88,257

120,762

Furn-Appl-Electronics

8,944 9,755 8,106
Grocery Stores 98,760 83,691

88,925

Motels

42,116 34,123 44,764
Liquor Sales 33,998 32,248

35,909

Manufacturing

2,931 5,592 3,878
Other Retail-All Other 280,622 275,955

314,644

Restaurants

113,099 109,955

111,655

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia Release

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