Revenue Mix for Lamar March Sales Tax Revenue
Barbara Crimond | Apr 09, 2019 | Comments 0
Sales Tax Revenue for the City of Lamar for March, 2019 showed a gain of 0.84% for a minor increase of $2,181.07 for the month, compared to last year. Collections for 2018 were $258,956.09 while 2019 was $261,137.16 Use Tax collections were off 19.10% for a drop of $5,177 from this year to last and Total Sales and Use Tax collections were off 0.86% for a decrease of $2,469. Collections for 2019 were $284,501 compared to 2018 of $286,970.
Year to Date collection for this period were off 6% for City Sales Tax with total collections for 2018 at $919,618 compared to 2019 at $864,421. Use Tax collected was down 54.18 year to date and Total Sales and Use Tax collections were off 11.97%. That translates to a drop of $127,995 comparing 2018 to 2019. Collections for 2018 were $1,069,651 and for 2019 at $941,655.
The 12 Retail Sales Tax Categories between 2017 and 2019 show a drop in revenue for Building Materials, All Business/Electricity, Motels and Other Retail/All Other while there was a moderate increase in Restaurant tax revenue.
|
2017 | 2018 | 2019 |
Auto Parts-Vehicle Repair | 32,352 | 36,487 |
34,797 |
Building Materials |
21,414 | 59,252 | 26,758 |
Apparel-Department Stores | 278,506 | 284,714 |
286,510 |
C Stores & Gas Sales |
31,514 | 58,962 | 42,779 |
All Business/Electricity | 72,995 | 102,993 |
72,319 |
Furn-Appliance-Electronics |
7,908 | 6,206 | 6,717 |
Grocery Stores | 62,725 | 66,251 |
66,266 |
Motels |
23,348 | 33,740 | 27,914 |
Liquor Sales | 23,727 | 25,885 |
24,185 |
Manufacturing |
4,078 | 2,769 | 4,035 |
Other Retail/All Other | 202,007 | 222,213 |
210,128 |
Restaurants |
78,688 | 80,263 |
83,543 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
About the Author: