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July City Sales Tax Revenue is Up

 

 

The revenues from the July Lamar City Sales Tax, collected in August is up 6.11% and was up 5.70% for Total Sales and Use Tax collections.

The tax revenue increase was $17,300 over last year and $17,826 for Total Sales and Use Tax collections. Taxes collected in 2018 were $312,831 and were $330,658 for 2019, collected in August.

Year to Date collections showed a decline for the period with City Sales Tax off 2.63% for a drop of $62,480 and Total Sales and Use Tax collections were down 4.87% for a decline of $129,685.

City Sales Tax revenues for 2018 were at $2,661,934 and for 2019 there are at $2,532,249.

The twelve retail sales tax categories showed an increase in Apparel and Department Stores and a sharp downturn for C Stores and Gas Sales. The greatest drop was in All Business/Electricity, while Restaurants posted an increase.

 

2017 2018

2019

Auto Parts-Vehicle Repair 98,262 102,142

104,066

Building Materials

72,181 139,914 90,499
Apparel-Department Stores 753,154 762,804

770,173

C Stores-Gas Stations

95,716 142,203 126,880
All Business/Electricity 171,490 202,438

132,935

Furniture-Appliance-Electronics

17,830 15,562 14,004
Grocery Stores 173,510 177,202

174,384

Hotels/Motels

92,901 98,591 98,360
Liquor Sales 69,097 73,534

67,568

Manufacturing

7,766 7,107 11,208
Other Retail-All Other 502,789 533,403

531,971

Restaurants

236,182 240,918

256,158

Filed Under: AgricultureCity of LamarConsumer IssuesEconomyFeaturedMedia Release

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