Tax Revenues for Lamar Continue to Gain

Municipal Offices in Lamar

City Sales Tax collections for the City of Lamar for this past July increased by 4.82% for an increase of $14,491.47 and Use Tax collections were up 13.56% for a gain of $4,048.71. Total Sales and Use Tax collections were up 4.65% for a gain over last July of $15,376.54. Year to Date collections were also up with City Sales Tax at 8.44% above last year for a YTD increase of $195,621.47, putting 2020 at $2,512,418.83 compared to 2019 at $2,316,797.36. Use Tax collections were up 11.92% for a gain over last year of $23,529 and a 2020 total of $221,006.50.

Total Sales and Use Tax collections since the start of the year were up 7.61% for a gain of $192,552.86. Year to Date, 2020 collections were at $2,724,176.65 and for 2019 were $2,531,623.79.

The tax collections in the twelve retail and service categories for 2020 were mixed compared to 2019 revenues for the same period. Increases were shown for Building Materials, C Stores and Gas Sales and All Business and Electricity, while Restaurants, Apparel & Department Stores and Hotels showed a decrease.