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Lamar City Sales Tax Revenue Inches Down

 

Municipal Offices in Lamar

 

The City of Lamar Sales and Use Taxes collected for May, 2019 indicated a downward turn for revenues for the city for that month. City Sales Tax was off 2.5% for a drop of $7,455 comparing $297,846 in 2018 to the current figures of $290,391.  Total Sales and Use Tax collections were down 2.81% for that period for a loss of $8,996 against $320,197 in collections for 2018 compared to $311,201 for May, 2019.

Year-to-Date revenues were also off with City Sales Tax down 4.46% for a drop of $79,321 comparing 2018 revenues of $1,779,831 to $1,700,510 for 2019. Total Sales and Use Tax collections were off 7.34% for a drop of $147,748, year to date with collections at $2,013,212 for 2018 against $1,865,464 for 2019.

Five of the twelve retail sales categories took a hit, showing a decrease between 2018 to 2019, again indicated by the drop in Building Material sales as well as All Business/Electricity. C Stores and Gas Sales were also lower by a considerable margin.

 

2017 2018 2019
Auto Parts-Vehicle Repair 70,351 76,076

74,918

Building Materials

52,031 107,785 64,294
Apparel-Dept Stores 562,208 572,0024

567,935

C Stores & Gas Sales

66,923 107,506 91,361
All Business-Electricity 122,891 156,266

99,697

Furniture-Appliance-Electric

13,088 12,519 10,884
Grocery Stores 128,188 133,688

130,809

Hotels/Motels

60,555 67,467 64,903
Liquor Sales 49,515 53,413

49,093

Manufacturing

5,888 4,599 7,780
Other Retail/All Other 362,260 403,428

391,437

Restaurants

172,492 175,029

184,073

Filed Under: AgricultureCity of LamarConsumer IssuesEconomyFeaturedMedia Release

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