Lamar City Sales Tax Revenue Report

Russ Baldwin | Jan 10, 2018 | Comments 0

The new year is starting on a high note for Lamar’s City Sales Tax Revenue report, perhaps continuing the trend of increases that closed out 2017. November City Sales Tax collected in December 2017 showed an 11.65% gain for an increase of $28,920 over the same time period last year. Collections for 2016 were $248,205 compared to last years of $277,125. Use Tax collections were up 66.79% for a jump in revenue of $13,016 between 2016 and 2017 and Total Sales and Use Tax collections were up 15.75% for a gain of $42,177 over the previous year, with 2016 collections at $267,716 and 2017 at $309,893.

Year-to-Date City Sales Tax collections were up 4.84% for a difference of $157,757 between 2016 and 2017 and Total Sales Tax and Use Tax collections were up 4.36% for a gain of $156,294 over the previous year. Collections for Total Sales, Year-to-Date for 2016 were $3,588,045 and were $3,744,340 for 2017. Vendor’s Commissions were $104,583 for 2016 and $112,900 for 2017.

Sales and Use Tax Revenue Comparison by 12 retail categories, January – December 2017:

	2015	2016	2017
Auto Parts/Repairs	150,430	148,941	148,089
Building Materials	112,381	119,136	149,400
Apparel/Dept Stores	1,077,193	1,075,206	1,133,477
C Stores – Gas Sales	118,391	140,842	148,729
All Business/Electricity	235,894	263,614	261,873
Furn/Appliances/Elect	20,806	24,988	22,634
Grocery Stores	276,402	306,099	258,885
Motels	141,200	147,906	161,769
Liquor Sales	101,144	103,629	106,661
Manufacturing	10,843	7,608	9,984
Other Retail/All Other	692,736	640,732	696,559
Restaurants	332,769	359,919	361,790