City Sales Tax Revenue Ending Year on Positive Gain

 

Municipal Offices in Lamar

 

Despite the drop in sales tax revenue for this past November, the Lamar City Sales Tax report showed a continued cumulative gain in revenue for the January, 2021 report.

City Sales Tax collected this past November was down 2.65% or a drop of $7,921. Use Tax collections were up 12.22% for a gain of $2,599 and ‘Other’ collections was off 96.82% from the year before with 2019 collections at $5,865 compared to only $186 for 2020. Total Sales and Use Tax collections was off 3.37% for this period with a drop of $11,007 from last year. Total 2020 collections for November were $315.485.48 compared to $326,485.75 for 2019.

Year-to-Date collections were up 6.62 for City Sales Tax with a gain of $231,054. Use Tax collections were us 18.20% for a gain of $51,629 and ‘Other’ collections were off 131.23% for a from of $30,429 from the previous year. Total Sales Tax collections were $4,050,725.94 for 2020 and $3,798,471.54 for 2019.

Hotels/Motels and Restaurants were the two retail categories that posted declines in tax revenue for 2020 compared to 2019.

 

 

2018

2019

2020

Auto Parts-Vehicle Repair 148,091 151,723

161,119

Building Materials

188,865 139,999 154,746
Apparel-Department Stores 1,142,29 1,190,047

1,267,251

C-Stores – Gas Sales

203,761 195,902

204,609

All Business – Electricity

284,674 214,090 220,646
Furniture-Appliances-Electronics 19,986 18,937

22,125

Grocery Stores

275,473 272,816 316,230
Hotels-Motels 150,423 152,952

148,893

Liquor Sales

108,178 102,458 110,068
Manufacturing 9,138 14,641

17,587

Other Retail – All Other

699,609 723,510 760,337
Restaurants 360,372 388,804

382,339

Filed Under: City of LamarConsumer IssuesEconomyFeatured

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