City Sales Tax Revenues Enter 2017 with Gains

Barbara Crimond | Jan 11, 2017 | Comments 0

Sales tax revenue figures for November sales and Use Tax collected in December show a 6.27% gain for City of Lamar sales tax and a 6.46% increase for Total Sales and Use Tax collections. Sales tax collections were up $14,636 compared to 2015 and up $16,252 for the same period. Total monthly collections for 2016 were $267,716 compared to 2015 at $251,463.

Year to date collections, from January to December 2016 were also up with City Sales Tax at 1.83% for a modest gain of $58,563 for the year before and 3.96% for all collections for an increase of $136,815 over 2015. Total collections for 2016 were $3,588,045 compared to 2015 at $3,451,230.

A three year comparison of the 12 retail trades categories shows a degree of fluctuation in gains and losses for sales tax revenue in some specific categories:

	2014	2015	2016
Auto Parts/Repair	136,640	150,430	148,941
Building Materials	101,700	112,381	119,136
Apparel/Dept Stores	1,071,310	1,077,193	1,075,206
C Stores-Gas Sales	104,284	118,391	140,842
All Business-Electricity	223,902	235,894	263,614
Furniture-Appl-Electrnc	20,407	20,806	24,988
Grocery Stores	261,379	276,402	290,714
Motels	141,618	141,200	147,906
Liquor Stores-Sales	98,259	101,144	103,629
Manufacturing	8,730	10,843	7,608
Restaurants	328,023	332,769	359,919
Other Retail-All Other	600,190	692,736	640,532