City of Lamar June 2016 Tax Report

Barbara Crimond | Aug 10, 2016 | Comments 0

Halfway through the year, the City of Lamar’s Tax Revenue reports show a continued improvement. Total sales and Use Tax collections for June are up 5.70% for a gain of $17,196, bringing the total to $318,878 for 2016, compared to $301,682 for the previous year. The 3% City Sales Tax was up 4.75% for the same period for a gain of $13,559.

Year to Date numbers also show an improvement with City Sales Taxes up 2.11% for a gain over last year of $40,032. Sales taxes collected so far this year are at $1,938,814. Total sales and Use Tax collections did better at 4.99% over last year for a gain of $102,870. Year to date collections for 2016 are $2,162,454 compared to last year at this same time of $2,059,584.

Grocery stores, motels and restaurants show year to date increases in tax revenue, compared to the past two years. Listed below are the 12 retail trades categories.

	2014	2015	2016
Auto Parts/Repair	77,800	88,019	88,148
Building Materials	58,593	59,263	67,090
Apparel/Dept Stores	631,926	633,181	631,430
C Stores/Gas	58,951	64,332	80,452
All Bus/Electricity	122,899	130,079	157,830
Furn/Appl/Electrncs	13,450	13,220	14,223
Groceries	145,484	154,391	175,435
Motels	79,922	72,997	83,333
Liquor Sales	56,058	57,959	60,423
Manufacturing	3,847	8,242	5,392
Other Retail	382,327	459,585	409,123
Restaurants	188,838	190,585	211,514