Lamar’s Monthly Sales Tax Revenue is Up, YTD is Still Trending Low

Barbara Crimond | Aug 16, 2017 | Comments 0

Total Sales and Use Tax collections for The City of Lamar for June sales, collected in July, were up 5% for a $15,955 gain over the same time last year. 2016 collections for June were at $318,878 compared to 2017 with $334,833. City Sales Tax collections for the same period were up 5.34% showing a gain of $15,952 with 2017 monthly collections at $314,737 and 2016 with $298,784.

Year to Date collections noted a slight gain, 0.44% for June 2017, which translated to a gain of $8,589 for total collections. June 2017 posted $1,947,403 while 2016 posted $1,938,814. Total Sales and Use Tax collections for the same period were off 1.76% with June at $2,124,343 for 2017 and $2,162,454 for 2016.

The 12 retail sales categories showed tax collections for the past three years at lower revenue for the current year:

	2015	2016	2017
Auto Parts/Repair	88,019	88,148	86,281
Building Materials	59,263	67,090	62,246
Apparel-Dept Stores	633,181	631,430	661,103
C-Stores/Gas Sales	64,332	80,452	81,664
All Business-Electricity	130,073	157,830	142,710
Furn-Appliance-Electrnc	13,220	14,223	16,394
Grocery Stores	154,391	175,435	150,411
Motels	72,997	83,333	76,486
Liquor Sales	57,959	60,423	59,389
Manufacturing	8,242	5,392	7,645
Other Retail/All Other	465,707	420,161	429,665
Restaurants	190,585	211,514	204,796