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Lamar City Sales Tax Revenue Takes a Drop for 2019

 

 

Sales Tax Revenues for the City of Lamar are down for December sales collected in January 2019. City Sales Tax is off 14.95% for a drop of $63,171 comparing 2019 to 2018.  Collections for 2019 are at $359,434.37 compared to 2018 at $422,605.84.  Use Tax collections are also down by 61.59% for a decrease of $42,871.98 comparing 2019 to 2018.  Use Tax collections for 2019 are $26,740.98 while 2018 collections registered $69,612.96.  Total Sales and Use Tax collections were off 20.81% for a decrease of $104,685.24.  Collections for 2019 are $398,405.49 and were at $503,090.73 for 2018.

Two significant drops were noted in the twelve retail sales categories between 2018 and 2019 with Building Materials and All Business/Electricity showing just how much various construction projects over the past two years contributed to Lamar’s sales tax projections.  It was also noted that six of the ten motels in Lamar posted a drop in their revenues during this period.

 

2017 2018 2019
Auto Parts/Vehicle Repair 13,360 12,846

13,675

Building Materials

7,876 43,453 11,066
Apparel/Dept Stores 117,340 119,359

118,790

C Stores/Gas Stations

11,620 11,030 15,283
All Business/Electricity 32,444 61,659

23,867

Furn/Appliance/Electronics

4,798 3,572 3,978
Grocery Stores 22,028 23,418

24,478

Motels

8,557 13,228 9,487
Liquor Sales 10,135 11,651

11,315

Manufacturing

3,291 2,375 3,705
Other Retail/All Other 222,663 251,784

228,609

Restaurants

27,832 29,109

28,904

Filed Under: City of LamarConsumer IssuesEconomyFeatured

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