Lamar Sales Tax Revenue Report

Barbara Crimond | Jun 14, 2017 | Comments 0

Revenue from the City of Lamar sales tax declined again, posting a 3.75% drop for City Sales Tax, Use Tax and other collections, and a 3.95% drop for Sales and Use Tax collected since the start of the year. The City Sales Tax was off a fraction of a percentage point at 0.04%. The May report for taxes collected in April showed a $10,613 decline compared to the same month last year when the total collections were $283,298 for 2016 compared to $272,684 for the current year.

Year-to-date collections for City Sales Tax were off 1.17% for a decrease of $15,966 and down a cumulative 3.95% or $61,343 off from the same time last year. Collections for 2016 were at $1,553,402 and for 2017 total collections were at $1,492,058.

The 12 retail trades categories of sales tax revenue had a drop in about 50% of the categories, comparing the pasts three years, year-to-date.

	2015	2016	2017
Auto Parts/Repair	62.428	60,129	56,889
Building Materials	36,463	43,119	41,063
Apparel/Dept Stores	447,736	447,893	465,769
C Stores/Gas Sales	45,805	54,953	54,355
Furn/Appliance/Elects	10,306	10,169	11,270
Grocery Stores	111,705	124,058	105,527
All Business/Electricity	98,077	121,679	106,541
Motels	46,944	53,176	45,862
Liquor/Drinking Estab	39,873	42,009	40,282
Manufacturing	5,397	2,970	5,601
Other Retail/All Other	345,987	309,138	308,139
Restaurants	131,848	148,484	138,576