City of Lamar Sales Tax Revenue Report-February 2020
Russ Baldwin | Apr 16, 2020 | Comments 0
Sales Tax Revenue collections for the City of Lamar are up for February with a 2.99% growth in City Sales Tax for a $7,817.42 increase and a 2.88% gain that translates to an $8,203.29 gain over revenues for this same time last year. Total Sales and Use Tax collections are at $292,704.59 for 2020 and City Sales Tax collections are at $268,954.58.
Year-to-date figures show a 4.6% gain for City Sales Tax Revenue for an increase of $39,742.17 and Total Sales and Use Tax collections are up 5.28% for a $49,701.74 increase. Year-to-date City Sales Tax Revenue is $904,163.31 for 2020 and Total Collections are at $991,357.51.
Several of the 12 retail trades categories showed gains over last year’s collections on a YTD basis with Department Stores, Grocery Sales and Manufacturing showing growth and a decline in All Business/Electricity. A three year comparison on tax collections is shown on the graph below:
|
2018 | 2019 | 2020 |
Auto Parts-Vehicle Repair | 36,487 | 34,797 |
34,008 |
Building Materials |
59,252 | 26,758 | 27,923 |
Apparel-Department Stores | 284,714 | 286,510 |
302,937 |
C Stores and Gas Sales |
58,962 | 42,779 | 45,956 |
All Business-Electricity | 102,993 | 72,319 |
54,952 |
Furn-Appliance-Electronics |
6,206 | 6,717 | 6,125 |
Grocery Stores | 66,251 | 66,266 |
71,195 |
Hotels-Motels |
33,740 | 27,914 | 30,771 |
Liquor Sales | 25,885 | 24,185 |
25,784 |
Manufacturing |
2,769 | 4,036 | 9,136 |
Other Retail-All Other | 234,162 | 212,623 |
223,154 |
Restaurants |
80,263 | 83,543 |
93,690 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured
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