Lamar City Sales Tax Revenue Report, February Collected in March, 2021

Municipal Offices in Lamar

The City of Lamar enjoyed another month of positive Sales Tax Revenue with an increase of 2.98% for City Sales Tax revenue collected for February, 2021. This translates to an increase of $8,019 over the same time frame from last year. Collections for 2020 were $268,954 compared to $276,974 for 2021. Use Tax collections were up 44.53% for a gain of $10,101 for the same period and Total Sales and Collections were up 6.36% for a gain of $18,620 over the previous year.

Year-to Date City Sales Tax Revenue was up 14.18% for 2021 with an increase over last year at $128,203. Collections in 2020 were $904,163 compared to 2021 at $1,032,366. Use Tax collections were up 62% for a gain of $59,842 and Total Sales and Use Tax collections, year-to-date were up 21.62% for a gain of $214,328. Total collections for 2021 are at $1,205,686 and collections for the same period last year were at $991,357.

The twelve retail categories for sales tax revenue, comparing 2021 to 2020, shows an increase in department stores, All Business-Electricity and Other Retail/All Other categories while restaurants and hotels under-performed in the same period. Auto Parts and sales of Groceries were basically static.