City Sales Tax Revenue Maintains Monthly Gain
Barbara Crimond | Oct 13, 2020 | Comments 0
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.
|
2018 | 2019 | 2020 |
Auto Parts-Vehicle Repair | 15,912 | 117,779 |
122,195 |
Building Materials |
153,320 | 105,241 | 116,090 |
Apparel & Department Stores | 857,133 | 964,686 |
965,332 |
C Stores and Gas Stations |
158,329 | 144,547 | 151,034 |
All Business/Electricity | 228,070 | 157,761 |
168,563 |
Furniture/Appliances/Electronics |
16,331 | 15,047 | 16,271 |
Grocery Stores | 197,377 | 195,359 |
230,090 |
Hotels/Motels |
113,625 | 114,764 | 107,320 |
Liquor Sales | 82,327 | 76,485 |
83,412 |
Manufacturing |
7,209 | 11,273 | 14,116 |
Other Retail-All Other | 548,790 | 550,098 |
588,940 |
Restaurants |
272,619 | 292,078 |
287,331 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release
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