End of Summer Tax Dip for Lamar
Barbara Crimond | Oct 12, 2016 | Comments 0
The City of Lamar monthly sales tax report showed a slight drop of 3.47% for this past August, down $9,186 compared to the same time last year. Collections in 2015 were $264,784 and were at $255,597 for this past August, collected in September. Total Sales and Use Tax collections posted a very slight loss of 0.46% for a drop of $1,322. The combined taxes for this period last year were $286,776 and were at $285,453 for this past month.
Taxes fared better on a year-to-date scale with City Sales Tax up 1.70% and Total Sales and Use Tax collections up 3.99%. This marks a gain of $105,185 for this year, compared to the same time in 2015. Total YTD collections for 2015 were at $2,633,862 and were at $2,739,047 for the current assessment.
Here is the tax revenue for the City of Lamar, January through September 2016 in twelve retail trades categories:
2014 |
2015 |
2016 |
|
Auto Parts/Repairs |
100,341 | 115,294 | 114,371 |
Building Materials | 76,988 | 81,406 |
85,038 |
Apparel/Dept Shores |
805,717 | 812,570 | 806,855 |
C Stores/Gas | 78,171 | 84,633 |
106,156 |
All Business/Electricity |
168,601 | 177,979 | 208,244 |
Furn/Appliance/Electrcs | 16,329 | 16,324 |
17,196 |
Grocery Stores |
187,301 | 197,851 | 223,319 |
Motels | 108,746 | 101,488 |
112,766 |
Liquor Sales |
73,687 | 76,130 | 76,914 |
Manufacturing | 3,899 | 8,812 |
5,436 |
Restaurants |
249,593 | 250,833 | 267,638 |
Other Retail/All Other | 463,196 | 549,859 |
501,795 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Tourism • Transportation • Utilities
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