City Sales Tax Revenue Shows Steady, Modest Gain

Barbara Crimond | Jul 13, 2016 | Comments 0

The City of Lamar May Sales and Use Tax collected in June showed a 3.37% climb compared to the same month last year for an increase of $8,834.77 and Total Sales and Use Tax collections were up 1.65% for an increase of $4,713.70 for the same period. Taxes collected for the month were $290,173.92 compared to 2015’s figure of $285,460.22.

Total Taxes collected, year to date were up 4.87% for a gain of $85,674.55 over 2015 with collections year to date for 2016 at $1,843,576.16 and for 2015 at $1,757,901.61.

Tax revenues for the 12 retail sales categories over a three year span, January to June, showed a decline in Auto Parts/Vehicle Repair and Apparel and Department Stores, while gains were posted for Restaurants, Motels and Grocery Stores.

	2014	2015	2016
Auto Parts/Veh Repair	66,208	74,459	71,736
Building Materials	48,125	47,324	54,890
Apparel/Dept Stores	543,685	541,666	540,835
C Stores/Gas	49,672	54,822	67,366
All Bsns/Electricity	105,252	113,230	137,372
Furn/Applian/Electrnc	12,312	11,563	11,974
Grocery Stores	124,442	133,645	149,655
Motels	65,722	58,531	69,074
Liquor Sales	47,108	48,860	51,318
Manufacturing	2,653	5,41	3,087
Restaurants	159,897	160,530	179,945
Other Retail	330,646	399,630	356,650