banner ad

Lamar Sales Tax Revenues Take an Early Fall Dip

 

 

The City of Lamar Sales Tax revenues declined slightly for September sales collected this past October. City Sales Tax collected was down 14.26% for a drop of $48,428.71 for the month, posting $291,109.75 for 2018 compared to $339,538.46 collected for the same period in 2017.

Total Sales and Use Tax collections were down 13.26% for September for a drop in revenue collections of $49,594.99. Total Sales and Use Tax collections were off for the month with collections at $324,482.53.  That compares with $374,077.52 collected in the same period for 2017.

Year-to-Date collections still posted a positive percentage rate with City Sales Tax revenues collected up 3.24% for a gain of $92,501.82 for the year. Collections in 2017 were at $2,857,102.71 and were up $2,949,604.53 for 2018.  Use Tax collections were up 31.57% for a gain over last year by $77,877.10 and Total Sales and Collections were up 5.57% for a gain over last year at this same time by $173,932.44.  Total collections for 2017 were $3,120,623.80 and for the current year were $3,294,556.24.

Sales and Use Tax revenue for the past three years, based on twelve retail categories, shows significant gains in Building Materials and in C-Stores and Gas Stations.

 

2016 2017 2018
Auto Parts-Vehicle Repair 126,574 124,506

127,770

Building Materials

98,278 113,137 166,217
Apparel-Department Stores 890,175 941,296

947,439

C-Stores / Gas Stations

118,159 122,662 174,065
All Business/Electricity 230,711 226,900

250,465

Furn-Appliance-Electronics

19,382 20,608 17,726
Grocery Stores 247,158 215,678

218,249

Motels

126,186 130,293 127,749
Liquor Sales 87,153 88,527

91,543

Manufacturing

7,296 9,756 9,098
Other Retail / All Other 570,510 612,502

621,684

Restaurants

303,361 301,871

302,327

Filed Under: City of LamarConsumer IssuesEconomyEmploymentFeatured

Tags:

About the Author:

RSSComments (0)

Trackback URL

Comments are closed.