July City Sales Tax Revenue is Up
Barbara Crimond | Sep 10, 2019 | Comments 0
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: Agriculture • City of Lamar • Consumer Issues • Economy • Featured • Media Release
About the Author: