Early Year Drop in Sales Tax

Barbara Crimond | Mar 16, 2017 | Comments 0

Sales tax revenue for the City of Lamar declined for January 2017, according to February collections. City Sales tax was down 7.97% for a drop of $20,370 compared to last year. Total Sales and Use Tax collections were off 10.09% for the same period for a decrease of $28,491, comparing $282,450 collected in 2016 to $253,958 for this year.

Year-to-Date collections were also down with City Sales tax revenue down 1.12% for a loss of $6,667 and total collections posted a 5.43% drop for a loss of $37,554 for the sale period. 2016 collections were at $691,948 and collections for 2017 were $654,687.

The twelve retail trades categories displayed a mix of gains and losses over a three year span as noted in the display:

	2015	2016	2017
Auto Parts/Repair	21,657	23,804	21,840
Building Materials	14,993	12,440	16,070
Apparel/Dept Stores	199,728	191,161	193,284
C Stores/Gas	15,694	16,772	21,014
All Business/Electricity	40,796	47,334	73,319
Furn/Appliance/Electy	5,853	4,717	4,989
Grocery Stores	42,664	33,424	48,533
Motels	19,804	17,379	17,318
Liquor Sales	17,054	16,678	17,861
Manufacturing	830	3,087	2,272
Restaurants	51,794	50,141	59,830
Other Retail/All Other	161,667	179,525	176,554