City of Lamar May 2017 Sales and Use Tax Report

Barbara Crimond | Jul 12, 2017 | Comments 0

May was a better month for sales tax collections for the City of Lamar. Taxes collected in June show the City Sales Tax was up 3.18% for a gain of $8,602 for the previous year. Collections for 2016 were $270,707 for last May while the month for this year brought in $279,310. Total collections were up 2.51% for a gain of $7,277 over last year at this time. 2016 revenues were $290,173 compared to this year for May at $297,451.

Year-to-date sales are still slow. May collections for City Sales Tax were off by less than half a percent at 0.45% for a drop of $7,363 compared to last year. Collections for 2016 were at $1,640,030 while the current collections were at $1,632,666. Total collections, year-to-date, showed a more significant drop, but also in line with past months at -2.93% for a drop of $54,066 compared to 2017. Last year’s total collections were at $1,843,576 while the 2017 total is at $1,789,509.

The 12 retail trade categories over a three year span are as follows:

	2015	2016	2017
Auto Parts/Repairs	74,459	71,736	70,351
Building Materials	47,324	54,890	52,031
Apparel & Dept Stores	541,666	540,836	562,208
C Stores & Gas Stations	54,822	67,366	66,923
All Bsns/Electricity	113,230	137,372	122,891
Furn/App/Electronics	11,563	11,974	13,088
Grocery Stores	133,645	149,655	128,188
Motels	58,531	69,074	60,566
Liquor Sales	48,860	51,318	49,515
Manufacturing	5,441	3,087	5,888
Other Retail/All Other	399,630	356,805	357,555
Restaurants	160,530	179,945	172,492