Lamar City Sales Tax Maintaining Growth
Russ Baldwin | Jul 13, 2021 | Comments 0
A 12.16% increase in City of Lamar Sales Tax Revenue was noted for May, 2021 for $39,055 over the same time last year. 2021 collections were $360,259. Use Tax collections were up 5.15% for total Sales and Use Tax collections increased 9.29% for the same period for a gain of $32,221 and 2021 revenues were listed at $379.205.
Year to Date city sales tax revenues were up 14.08% for an increase of $259,565 over the same time period with Use Tax collections up 57.41% for a gain of $92,040 and Total Sales and Use Tax collections were up 18.38%. 2021 total collections are $2,394,396 compared to $2,022,666 for 2020 for a YTD increase of $371,730.
Building materials, All Business/Electricity and Other Retail/All Other categories of sales tax revenue showed the most gains with a drop in Groceries was noted.
|
|
2019 | 2020 | 2021 |
| Auto Parts-Vehicle Repair | 74,918 | 76,478 |
81,443 |
|
Building Materials |
64,294 | 73,069 | 82,484 |
| Apparel/Department Stores | 661,167 | 648,355 |
670,658 |
|
C Stores & Gas Sales |
91,361 | 91,980 | 111,978 |
| All Business/Electricity | 99,697 | 98,888 |
186,526 |
|
Furniture-Appliances-Electronics |
10,884 | 10,260 | 13,706 |
| Grocery Stores | 130,809 | 156,416 |
143,930 |
|
Hotels/Motels |
64,903 | 63,950 | 65,882 |
| Alcohol Sales | 49,093 | 54,682 |
57,735 |
|
Manufacturing |
7,780 | 11,363 | 32,015 |
| Other Retail/All Other | 388,708 | 409,068 |
571,372 |
|
Restaurants |
184,073 | 176,776 |
211,020 |
Filed Under: City of Lamar • Consumer Issues • Economy • Featured • Media Release
