Lamar Sales Tax Revenue Continues to Climb

Barbara Crimond | May 11, 2021 | Comments 0

March 2021 showed impressive gains in City of Lamar sales tax revenue with City Sales Tax collected up 16.77% for a gain of $55,707 compared to 2020. Collections for 2021 were $387,824 compared to 4332,119 for the same time a year ago. Use Tax collections were up 121% for an improvement of $19,359 over the previous year. Total Sales and Use Tax collections shot up 20.80%, bringing in $72,487 for the month. Collections for 2021 were $421,002 compared to last year at $384,514.

Year to Date collections showed a parallel growth with City Sales Tax at 14.88% for 2021 for a gain of $183,908. Total YTD collections for 2021 are $1,420,191 compared to the same time for 2020 at $1,236,283. Use Tax collections were up 70.41% for an improvement of $79,201 over last year. Total Sales and Use Tax collections gained 21.45% against the previous year. Total YTD tax collections are $1,626,688 for 2021 compared to $1,339,441 for 2020.

Here are the year to year comparisons for sales tax revenue for Lamar for the past three years in 12 various categories:

	2019	2020	2021
Auto Parts-Vehicle Repair	48,420	48,114	52,809
Building Materials	37,657	40,363	47,911
Apparel and Department Stores	386,272	417,826	439,081
C Stores and Gas Sales	59,132	60,244	67,919
All Business/Electricity	72,815	68,788	154,879
Furniture/Appliances/Electronics	8,653	8,020	9,885
Grocery Stores	87,426	102,832	95,968
Hotels-Motels	40,267	43,226	38,807
Liquor Sales	32,863	35,670	36,475
Manufacturing	5,570	11,161	9,366
Other Retail-All Other	284,926	301,973	434,791
Restaurants	116,413	122,516	129,379