City of Lamar Sales Tax Revenue Gains Continue

Municipal Offices in Lamar

The January 2021 Sales Tax Revenue report for the City of Lamar, collected in February, shows a healthy gain for the beginning of the year with city tax revenue up 10.76 for a gain over last year at this time of $27,692. Total Sales and Use Tax collections are up 11.43% for a gain over 2020 by $32,032. Use Tax collections were down 42.18% for a drop of $18,445 compared to last year. Total collections for 2021 are $312,229.

Year to Date collections continue to gain with City Sales Tax Revenue at 18.92% up over last year for $120,183 and total collections are at $755,392. Use Tax is up 67.37% for a gain over last year of $49,740 and Total Collections are up 28.01% for a gain of $195,708, bringing the YTD tally to $894,361.

The twelve retail sales categories stayed pretty flat for gains or losses when comparing tax revenues to this same time last year.