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 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release • Tourism • Transportation • Utilities
