Lamar City Sales Tax Revenues Take a Jump

Barbara Crimond | Nov 15, 2017 | Comments 0

Somebody has been spending money. The September Sales and Use Tax collections, collected in October, show an 18% hike for a $51,785 gain over last year at this same time. Collections for 2016 were $287,753 and for 2017 at $339,538. Total Sales and Use Tax collections posted a similar jump at 20.29% for a gain over last year of $63,109. Collections for 2016 were $310,968 and for 2017 at $374,077. Use Tax collections were also up 62.03% for a $13,119 improvement with 2016 collections at $21,149, compared to 2017 at $34,268.

Year-to-date figures also showed improvement, although in a lower percentile of growth. City Sales Taxes collected showed a 3.55% increase for $95,885 over this time last year. Collections for 2016 were $2,759,217 compared to this year at $2,857,102. Total Sales Tax collections for the same period experienced a 2.32% climb. That translates to $70,608 over last year with 2016 collections at $3,050,015 compared to this year at $3,120,623. Year to date Use Tax was down 11.05% and Other Collections were up 24.85%.

These are the tax collections for the 12 retail trade categories over a three year span:

	2015	2016	2017
Auto Parts/Repair	128, 159	126,574	124,165
Building Materials	92,284	98,278	113,137
Apparel/Dept Stores	893,965	890,175	941,296
C Stores/Gas Sales	95,795	118,159	122,662
All Business/Electricity	202,374	230,711	226,900
Furn-Appliances-Electnc	17,965	19,382	20,608
Grocery Stores	219,506	247,158	215,678
Motels	118,376	126,186	130,293
Liquor Sales	84,416	87,153	88,527
Manufacturing	10,746	7,296	9,756
Other Retail/All Other	614,222	563.214	602,630
Restaurants	278,745	303,361	301,871