City Sales Tax January 2018 Revenue Report
Russ Baldwin | Mar 14, 2018 | Comments 0
City Sales Tax for the City of Lamar for January 2018 showed a slight increase of 1.24% or $2,914 over the previous year. Collections for 2017 were $235,142 compared to 2018 of $238,056. Total Sales and Use Tax collections were up 10.09% over the previous year with a gain of $25,630. Collections for 2017 were $253,958 compared to 2018 of $279,589. Use Tax collections were up 130.52% for $22,501 for January. Collections for 2017 were $17,240 compared to $39,742 for the past January.
Year to date figures show a healthy improvement over the previous year with Sales Tax collections up 12.35% for a gain over last year of $72,596. Collections for 2017 were $588,065 and for January, collections were at $660,662. Total Sales and Use Tax collections are up 19.60% with a difference of $128,286 over the previous year at this time. Collections for 2017, year to date are $654,394 and are $782,680 for 2018.
A three year comparison on sales tax revenue for 12 retail goods and services for Lamar shows a generally favorable increase with one or two downturns.
|
2016 | 2017 |
2018 |
Auto Parts/Vehicle Repair |
21,840 | 22,592 | 25,234 |
Building Materials | 16,070 | 13,933 |
51,848 |
Apparel/ Department Stores |
193,284 | 194,484 | 201,377 |
C Stores/Gas Sales | 21,014 | 21,644 |
39,891 |
All Business/Electricity |
73,319 | 54,047 | 83,084 |
Furn/Appliance/Electronics | 4,989 | 6,447 |
4,752 |
Grocery Stores |
48,533 | 41,676 |
29,396 |
Motels | 17,318 | 15,685 |
24,512 |
Liquor Sales |
17,861 | 16,658 | 18,632 |
Manufacturing | 2,272 | 4,201 |
2,718 |
Other Retail/All Other |
158,243 | 157,376 | 183,176 |
Restaurants | 59,830 | 52,530 |
54,581 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release • Tourism • Transportation • Utilities
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