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Lamar April, 2019 Sales Tax Revenue Report

 

 

Sales Tax revenues were off for the City of Lamar for March Sales and Use Tax collected in April, 2019. City Sales Tax was down 7.15% for a drop of $22,180 while Total Sales and Use Tax collections were down 8.42% for a loss of $29,268.  Sales Tax collections were at $288,187 for 2019 while total taxes collected for the year were at $318,270.  Use Tax collections were off 19.45% for a drop of $6,790.

Year-to-Date collections were down 6.29% for City Sales Tax reflecting a decrease of $77,378 for the year, comparing 2018 at $1,229,986 to $1,152,608 for 2019. Total Sales and Use Tax collections dropped 11.10% for a decrease of $157,262.  2018 collections were $1,417,190 and were at $1,259,926 for 2019.

The 12 retail categories showed a sharp decrease in All Business/Electricity, Building Materials and C Stores and Gas Sales, comparing 2018 to 2019, while Restaurants showed an increase.

2017 2018 2019
Auto Parts-Vehicle Repair 46,082 50,980

48,420

Building Materials

31,477 75,152 36,815
Apparel-Department Stores 374,165 382,715

384,619

C Stores – Gas Sales

43,325 74,780 59,132
All Business-Electricity 88,257 120,762

72,815

Furniture-Appliance-Electronics

9,755 8,106 8,653
Grocery Stores 83,691 88,925

87,426

Hotels/Motels

34,123 44,764 40,267
Liquor Sales 32,248 35,909

32,863

Manufacturing

5,592 3,878 5,570
Other Retail/All Other 266,200 307,345

285,017

Restaurants

109,955 111,655

116,413

 

Filed Under: City of LamarConsumer IssuesEconomyFeaturedMedia Release

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