Lamar Sales Tax Revenue Report for July 2017

Barbara Crimond | Sep 13, 2017 | Comments 0

The City of Lamar Sales Tax collection report showed a healthy bump for taxes collected for July. City Sales Taxes were up 1.91% for a $5,283 growth over the same month in 2016. 2017 collections were at $282,234 while last years were at $277,051. Total Sales and Use Tax collections for the same period were up 7.16% for a monthly gain of $20,832 with 2017 collections at $311,971 compared to last year at $291,138.

Year-to-Date collections were both up and down fractionally. July thru August for the period was up 0.63% for a gain of $13,872 with 2016 collections at $2,215,866 for City Sales Tax and 2017 posted $2,229,738 for the same period. Total Sales and Use Tax collections dropped a fraction by 0.70% for a loss of $17,278 when comparing 2016 to 2017. Last year’s collections were at $2,453,593 while 2017 collections were at $2, 436,314.

The 12 retail sales categories showed a general decrease in collections over a three year period for January through August for 2015 to 2017:

	2015	2016	2017
Auto Parts-Repair	102,015	101,422	98,262
Building Materials	70,566	77,067	72,181
Apparel-Dept Stores	723,983	719,579	753,154
C Stores-Gas Stations	74,613	93,516	95,716
All Bsns/Electricity	155,710	182,384	170,408
Furn-Appl-Electrncs	14,687	15,688	17,830
Grocery Stores	176,709	200,287	173,510
Motels	86,375	98,486	92,901
Liquor Outlets	67,447	69,608	69,097
Manufacturing	8,646	5,419	7,766
Other Retail-All Other	504,108	461,708	476,720
Restaurants	221,424	243,005	235,499