City of Lamar Enjoys a Continuing Sales Tax Revenue Increase

Barbara Crimond | Apr 11, 2018 | Comments 0

The February 2018 Revenue Report for the City of Lamar shows collections for Sales and Use Tax increased 11.05% over this same time last year. City Sales Tax was up 12.15% for a $28,052 gain over February 2017 and Use Tax was up a slight 1.85% over last year. Combined, that makes for a gain of $28,551 over last year. Tax revenue was $258,419 for last year and $286,970 for last month.

Year to Date figures for the same period show a 17.18% gain with increased collections at $156,837 over last year’s figures. YTD City Sales Tax was up 12.29% for a difference of $100,649. Total collections for 2017 were $912,813 and for this past month, collections are at $1,069,651. Use Tax collected, Year to Date, is up 72.85% for a gain of $57,516.

The Retail Trades tax collections for the past three years, January through March are as follows:

	2016	2017	2018
Auto Parts-Repairs	34,156	32,352	36,487
Building Materials	23,719	21,414	59,252
Apparel and Dept Stores	277,654	278,506	284,581
C-Stores and Gas Sales	31,383	31,514	58,962
All Business-Electricity	90,590	72,995	102,993
Furn-Appl-Electronics	6,491	7,908	6,206
Grocery Stores	66,454	62,725	66,251
Motels	27,692	23,348	33,740
Liquor Sales	25,214	23,727	25,885
Manufacturing	1,434	4,078	2,769
Other Retail-All Other	207,053	204,369	233,421
Restaurants	84,648	78,688	80,263