Steady Forward Progress on Lamar City Sales Tax Revenue
Barbara Crimond | May 16, 2018 | Comments 0
Money is being spent in Lamar as figures for the March Sales and Use Tax report indicates healthy revenues. The 3% City Sales Tax is up 10.21% over this time last year for a gain of $28,741. Collections for 2017 were $281,626 while this year was $310,368. Use Tax collections are up 42.25% for a gain over last year of $10,371. Figures for 2017 show the Use Tax at $24,546 and the collections for this year are $34,918. Total Sales and Use Tax collections are up 13.37%. That’s a $40,979 gain over last year with 2017 collections at $306,559 and 2018 at $347,539.
Year to Date collections are still ahead in all categories. City Sales Tax is up 11.76% for a gain of $129,390. 2017 collections were $1,100,596 compared to 2018 at $1,229,986. Use Tax is up 65.69% for an increase of $67,888 over 2017 which posted $103,501 in collections compared to this year of $171,389. Total Sales and Use Tax collections are up 16.22%, year to date for an increase over 2017 of $197,816 which had collections for that part of the year at $1,219,373 and collections for 2018 are at $1,417,190.
The year to date sales tax revenue for the 12 retail categories is as follows for the past three years:
|
2016 | 2017 | 2018 |
Auto Parts-Repair | 47,430 | 46,082 |
50,980 |
Building Materials |
33,225 | 31,477 | 75,152 |
Apparel-Dept Stores | 364,053 | 375,729 |
384,452 |
C Stores – Gas |
42,941 | 43,325 | 74,780 |
All Business-Electricity | 105,982 | 88,257 |
120,762 |
Furn-Appl-Electronics |
8,944 | 9,755 | 8,106 |
Grocery Stores | 98,760 | 83,691 |
88,925 |
Motels |
42,116 | 34,123 | 44,764 |
Liquor Sales | 33,998 | 32,248 |
35,909 |
Manufacturing |
2,931 | 5,592 | 3,878 |
Other Retail-All Other | 280,622 | 275,955 |
314,644 |
Restaurants |
113,099 | 109,955 |
111,655 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release
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