City Sales Tax Shows Slight Monthly Drop

Barbara Crimond | Dec 14, 2016 | Comments 0

Sales tax for the City of Lamar dropped slightly for the October 2016 sales which were collected in November. City Sales Tax was off 3.08% for a decline of $7,941.41 putting 2016 collections for the month at $249,570.96 compared to 2015 figures of $257,512.37. Total Sales and Use Tax collections came in for the month, down 1.02% for a drop of $2,791.44, putting 2016 collections at $270,314.20 compared to the previous year of $273,105.64.

Year to Date collections for City Sales tax was up 1.48% for a gain of $43,927.35. 2015 figures were at $2,964,860.85 compared to $3,008,788.20 for 2016. Year to Date City and Use Tax collections were up 3.77% for a gain of $120,562.56. Year to Date for 2016 was at $3,320,329.40 while the collections for 2015 were at $3,199,766.84.

The 12 retail trades categories showed an increase for sales tax revenue collected for the past three years in almost every category save for manufacturing, apparel and a minor drop in auto parts:

	2014	2015	2016
Auto Parts/Repair	126,110	139,248	138,228
Building Materials	94,674	103,738	109,747
Apparel/Dept Stores	972,665	984,055	979,469
C Stores/Gas Sales	96,186	108,502	130,359
All Business/Electricity	208,143	220,417	248,414
Furn/Applian/Electrncs	19,051	19,357	23,317
Grocery Stores	239,836	240,370	268,468
Motels	132,602	131,570	137,827
Liquor Sales	90,159	93,050	95,568
Manufacturing	8,570	10,01	7,559
Restaurants	304,614	308,286	333,204
Other Retail/All Other	653,930	764,054	729,251