Lamar June Sales Tax Revenue Report
Barbara Crimond | Aug 13, 2019 | Comments 0
City of Lamar Sales Tax revenue collected for June, 2019 showed less than a full percentage point loss while Total Sales and Use Tax collections were just up by a negligible amount. City Sales Tax revenue was down 0.15% for a drop of $459.63 with collections for this June at $315,892 compared to 2018 at $316,352. Use Tax collections were up 15.29% for a gain of $2,931.87. Total Sales and Use Tax was up 0.07% for a gain of only $236.05. 2019 collections were at $336,126.66 while 2018 was $335,890.61.
Year-to-Date City Sales Tax collections were off 3.81% for a drop of $79,780.75 with 2019 collections at $2,016,403.11 and 2018 at $2,096,183.86. Use Tax collections, year-to-date were down 28.29% and Total Sales and Use Tax collections were off 6.28%. Collections for 2019 were down $147,512.58. Collections amounted to $2,201,590.93 and for 2018 they were at $2,349,103.51.
Four of the 12 retail trade categories showed a drop in sales tax revenue, comparing the revenues collections for the past three years, January through July. Sales were off in Building Materials, C Stores and Gas, All Business/Electricity, Liquor Sales and there was an increase in Restaurant business.
|
2017 | 2018 | 2019 |
Auto Parts-Vehicle Repair | 86,281 | 89,759 |
88,979 |
Building Materials |
62,246 | 124,944 | 78,330 |
Apparel/Department Stores | 661,103 | 670,052 |
669,882 |
C Stores & Gas Stations |
81,664 | 125,477 | 107,959 |
All Business-Electricity | 142,710 | 177,911 |
113,100 |
Furniture-Appliances-Electronics |
16,394 | 13,576 | 12,631 |
Grocery Stores | 150,411 | 15,641 |
152,688 |
Hotels-Motels |
76,486 | 82,947 | 81,058 |
Liquor Sales | 59,389 | 63,931 |
58,460 |
Manufacturing |
7,645 | 6,908 | 11,171 |
Other Retail-All Other | 429,698 | 467,863 |
458,995 |
Restaurants |
205,479 | 208,084 |
218,657 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release
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