Significant Gains for Lamar December Sales Tax Revenue
Russ Baldwin | Feb 14, 2018 | Comments 0
The January 2018 Revenue Report from the City of Lamar, based on December sales collected in January, shows City Sales Tax collections up 19.74% and Total Sales and Use Tax collections up 25.64%. The difference in the City Sales Tax was a $69,682 gain with 2017 at $352,923 and 2018 at $422,605. The Total Sales and Use Tax was up $102,655 with 2017 at $400,435 and 2018 at $503,090. Use Tax collections were up 98.38% for a gain of $34,521 with 2017 at $35,091 and 2018 was double at $69,612.
At the start of 2018, the Year to Date figures are identical.
Taxes collected on the 12 retail trade categories for the past three Januarys (2016-2018) indicated significant growth due mostly to construction projects brought about by the August 2017 hail storm and associated repairs, plus various local business developments.
|
|
2016 | 2017 | 2018 |
| Auto Parts-Vehicle Repair | 11,214 | 13,360 |
12,846 |
|
Building Materials |
8,608 | 7,876 | 43,453 |
| Apparel-Dept Stores | 112,962 | 116,152 |
11,030 |
|
C Stores-Gas Stations |
10,710 | 11,620 | 118,783 |
| All Business-Electricity | 54,838 | 32,444 |
61,659 |
| Furn-Appliance-Electrncs | 3,455 | 4,798 | 3,572 |
|
Grocery Stores |
23,763 | 22,028 | 23,418 |
| Motels | 9,266 | 8,557 |
13,288 |
|
Liquor Sales |
10,598 | 10,135 | 11,651 |
| Manufacturing | 2,158 | 3,291 |
2,375 |
|
Other Retail/All Other |
120,182 | 110,456 | 136,013 |
| Restaurants | 25,404 | 27,832 |
27,014 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
