City Sales Tax Revenue Maintains Monthly Gain

Main Street Lamar, Co

August Sales and Use Tax for the City of Lamar continued its year-long trend of increases for revenues collected in September. City Sales Tax collections were up 3.18% for a monthly total of $304,099 compared to 2019 at $294,738. Use Tax collections were up 43.09% for a monthly total of $28,976. Total Sales and Use Tax collections for August were up 6.04% for $334,582 compared to 2019 at $315,533.

Year to Date collections were up 7.85 on City Sales Tax for a gain of $204,982. Total revenues for the year to date are $2,816,518 compared to 2019 at $2,611,535. Use Tax collections are up 14.81 for a total of $249,983 and Total Sales and Use Tax collected is up 7.43% over last year. 2019 collections were at $2,847,157 compared to this year at $3,085,758 for a gain of $211,601 over last year.

Two of the 12 retail sales tax categories showed declines for the month, compared to last August’s revenues. Both Hotels/Motels and Restaurants noted a decrease. Most of the other categories posted tax revenues gains over last year at this time.