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 |
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