Soft Month for April Sales Tax Collections

Barbara Crimond | May 11, 2016 | Comments 0

Sales Tax collections for the City of Lamar for March dropped although year to date figures continues to show a gain. Sales Tax alone was down 7.82% for a drop of $24,224, putting current collections at $285,512, compared to this time last year at $309,737. Total Sales and Use Tax collections were also down 3.75% for a drop of $12,297 with total collections for the month at $315,821 compared to 2015 at $328,119.

Year to date Sales Tax collections posted a gain of less than one percent, at 0.64% for a slight gain of $7,123. City Sales Tax collected were $1,116,455 for 2016 against $1,109,331 for the same time last year. Total Year to Date collections posted a gain of 5.18% for an improvement over last year by $62,557. 2016 YTD collections were $1,270,103 compared to 2015 at $1,207,526.

Year to Date collections for the 12 different retail sales categories showed a steady growth for most sectors.

	2014	2015	2016
Auto Parts/Repairs	42,862	47,862	47,430
Building Materials	28,411	25,928	33,225
Clothing/Dept Stores	364,647	360,418	363,943
C-Stores & Gas	31,921	36,978	42,941
All Bus/Electricity	74,989	83,600	105,982
Furn/Appl/Electronics	9,414	9,268	8,944
Grocery Stores	82,838	90,898	98,760
Motels	35,562	36,357	42,116
Liquor Stores & Sales	30,551	31,799	33,998
Manufacturing	2,249	5,030	2,931
Restaurants	103,285	104,604	113,099
Other Retail/All Other	1,066,953	1.140,898	1,165,050