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City of Lamar Sales Tax Report

 

 

 

City of Lamar Sales Tax revenue for October, collected in November showed a gain of 11.88% this year over 2018 for a net of $31,393. Total Sales and Use Tax collections were also up 6.57% for a gain of $19,102 over the previous year. Collections in 2018 was $290,705 compared to 2019 at $309,807.

Year to date collections did not keep up the pace as well with City Sales Tax revenues gaining 0.31% for a net gain of $9,976 and Total Sales and Use Tax collections fell behind, dropping 2.27% from the year before for a loss of $81,257. Total Collections in 2018 was $3,585,261 compared to this year at $3,504,004.

The 12 retail sales tax revenue categories were split in performance over the past three years, with gains noted this year in Apparel and Department Stores, Hotels and Motels and Restaurants, while there was a shortfall for Building Materials, All Business/Electricity and Grocery Stores.

 

2017 2018 2019
Auto Parts-Vehicle Repair 136,696 140,712

14,797

Building Materials

133,307 178,854 129,894
Apparel & Dept Stores 1,033,126 1,039,547

1,157,053

C Stores & Gas Sales

136,225 189,499 180,145
All Business/Electricity 245,636 268,532

198,860

Furn-Appliance-Electronics

21,435 18,871 19,931
Grocery Stores 237,693 253,463

236,470

Hotels-/-Motels

147,237 140,588 144,651
Liquor Sales 97,636 99,640

93,851

Manufacturing

9,782 9,118 14,626
Other Retail-All Other 658,093 661,039

670,100

Restaurants

333,561 332,760

356,945

Filed Under: City of LamarConsumer IssuesEconomyFeatured

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