Lamar City Sales Tax Revenue Continues Yearly Climb

Russ Baldwin | Nov 10, 2020 | Comments 0

Municipal Offices in Lamar

Residents are still spending money. The September 2020 revenue report from the City of Lamar shows collections are up 4.25% for a gain of $13,461 with Use Tax up 2.22% for an increase of $5,911 over last year. Total Sales and Use Tax collections were up 5.5% for an increase of $19,055. 2020 collections were at $365,469 compared to 2019 at $346,413.

Year to Date collections also fared well. City Sales Tax revenue was up 7.46%, Use Tax was up 15.45% and Total Sales and Use Tax collections were up 7.22% for an increase of $230,657 over last year at this same time. YTD for 2020 is $3,424,228 compared to 2019 at $3,193,571.

There was a mix of losses and gains comparing the 12 retail and service categories, year-to-date with an increase for Building Materials and Grocery sales while there was a drop for Restaurants, Apparel and Department stores.

	2018	2019	2020
Auto Parts-Vehicle Repair	127,770	131,556	136,416
Building Materials	166,217	118,071	130,654
Apparel & Department Stores`	947,439	1,059,042	1,034,711
C Stores and Gas Sales	174,065	162,185	169,604
All Business-Electricity	250,465	182,319	191,201
Furniture-Appliance-Electronics	17,726	16,704	19,457
Grocery Stores	218,249	216,221	253,100
Hotels-Motels	127,749	131,745	123,827
Liquor Sales	91,453	85,628	92,600
Manufacturing	9,098	14,566	17,199
Other Retail/All Other	612,603	621,061	668,318
Restaurants	302,327	325,199	320,136