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Lamar Sales Tax Collections Posts Continued Gains

 

 

May Sales and Use Tax revenues collected in June show a continued climb compared to previous months. City Sales Tax was up 6.64% for an increase of $18,536.71 with collections for 2017 at $279.310.05 and for 2018, $297.846.76.  Total Sales and Use Tax revenues were up 7.65% for a gain of $22,746.50.  Collections for 2017 were $297,451.28 and were $320,197.78 for the current year.

Year-to-date revenues for City Sales Tax showed a gain of 9.01% for an increase of $147,164.88. 2017 revenues were at $1,632,666.48 and were at $1,779,831.36 for 2018, year-to-date.  Use Tax collections were up 51.14% for $72,596.71 and Other collections were up 26.50% for a gain of $3,941.778.  Total Sales and Use Tax collections showed a 12.50% increase with collections between 2017 and 2018 up $223,703.37.  Collections for 2017 were $1,789,509.53 and year-to-date are $2,013,212.90.

The 12 retail categories for tax collections over the past three years, show growth in Auto Parts and heavy increases in Building Materials as well as Convenience Stores and Gas Stations.

 

2016 2017 2018
Auto Parts-Repair 71,736 70,351

76,076

Building Materials

54,890 52,031 107,281
Apparel-Dept Stores 540,835 562,208

572,024

C Stores-Gas Sales

67,366 66,923 107,506
All Business-Electricity 137,732 122,891

156,266

Furn-Appl-Electronics

11,974 13,088 12,519
Grocery Stores 149,645 128,188

133,688

Motels

69,074 60,555 67,467
Liquor Sales 51,318 49,515

53,413

Manufacturing

3,087 5,888 4,599
Other Retail-All Other 1,694,061 1,661,717

1,862,749

Restaurants

179,945 172,492

175,029

 

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia Release

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