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Lamar Sales Tax Revenue Figures Slow Up for April

 

 

While the year to date collection revenues for the City of Lamar kept its health forward momentum for the past year, the April Sales and Use Tax collections slowed with a narrow advance.

City Sales Tax collected for April dropped to a negative number, 0.30% for a loss of $762.50 comparing 2018 collections of $251,997 to $252,760 for 2017. Use Tax collections were still ahead of last year by 21.72% for a gain of $4,123.  The category of ‘Other’ collections dropped by 23.51% for a loss of only $220.62.  Total Sales and Use Tax collections were up 1.15% for a gain of $3,139.  Collections for 2017 were at $272,684 compared to 2018 at $275,824.

Year to date collections still indicated a healthy climb for the year. City Sales Tax collections were up 9.50% for a gain of $128,628.  Collections for 2017 were $1,353,356 and were at $1,693,015 for 2018 for an increase of $200,956.

Almost every retail trade category of the 12 listed for sales tax revenue showed a year to date gain in 2018, compared to the past three years.

2016 2017 2018
Auto Parts-Repair 60,129 56,889

62,332

Building Materials

43,119 41,063 87,400
Apparel-Dept Stores 447,893 465,769

470,406

C Stores-Gas Stations

54,953 54,355 89,495
All Business-Electricity 121,679 106,541

138,603

Furn-Applnce-Electrncs

10,169 11,270 9,225
Grocery Stores 124,058 105,527

110,654

Motels

53,176 45,862 54,682
Liquor Sales 42,009 40,282

43,986

Manufacturing

2,970 5,601 4,517
Other Retail-All Other 312,529 311,042

349,752

Restaurants

148,484 138,576

139,382

 

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia Release

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