Another Climb for Lamar Sales Tax Collections

Barbara Crimond | Dec 13, 2017 | Comments 0

October Sales and Use Tax collected in October indicates another gain in revenue as the year begins to close. City Sales Tax collected in October was up 12.4% for a $30,951 increase over the previous year at the same time. Collections for 2016 were $249,570 compared to 2017 at $280,522. Total Sales and Use Tax collections were up a generous 16.1% for an increase of $43,509 over the previous year. Collections for 2016 were at $270,314 compared to 2017 at $313,823. Use Tax collections were also up 84.08% for a gain of $14,604 over the previous year. Collections in 2016 were $17,368 compared to 2017 at $31,972.

Year to Date collections also showed an increase with City Sales Tax collected up 4.28% over the previous year for a gain of $128,836. Collections for 2016, YTD, were $3,008,788 and were at $3,137,625 for 2017. Total Sales and Use Tax collections were up 3.44% for an increase of $114,117. Collections for 2016 were $3,320,329 and for 2017 were at $3,434,447.

The 12 Retail Trade categories for Sales Tax Collections for a three year comparison were mostly improved with several holding steady to the previous year’s figures.

	2015	2016	2017
Auto Parts/Repairs	139,248	138,228	136,696
Building Materials	103,738	109,747	133,307
Apparel/Dept Stores	984,055	979,469	1,033,126
C Stores/Gas Sales	108,502	130,359	136,225
All Business/Electricity	220,417	248,414	245,636
Furn/Appliance/Electronics	19,357	23,317	21,435
Grocery Stores	240,370	268,468	237,693
Motels	131,570	137,827	146,251
Liquor Sales	93,050	95,568	97,636
Manufacturing	10,801	7,559	9,782
Other Retail/All Other	657,910	601,601	649,819
Restaurant	308,286	333,204	333,561