City Sees Continued Gain in Sales Tax Revenue

Barbara Crimond | Aug 10, 2021 | Comments 0

June 2021 Sales and Use Tax collected for the City of Lamar continues to rise for another month. City Sales Tax was up 6.93% for a gain of $24,530.80 over the previous year. Use Tax collections were up 52.08% for a gain of $13,941.05. Total Sales and Use Tax collections for June were up 9.66% which is $36,885.62 more than the same time last year. Collections for June 2021 were $418,596.94 compared to 2020 which was $381,711.32.

Year to date collections also showed significant gains with City Sales Tax up 12.93% for a gain of $284,096.72 over last year. Use Tax collections were up 56.65% for a gain of $105,981.50 and Total Sales and Use Tax collections posted a 16.99% gain for an increase in revenue of $408,615,85, year to date. Collections for 2021 are at $2,812,993.52 compared to 2020 at $2,404,377.67.

Although there was a drop in sales tax revenue from Grocery sales between this time in 2020 to 2021, all other categories listed by the City of Lamar showed gains.

	2019	2020	2021
Auto Parts-Vehicle Repair	88,979	92,680	98,469
Building Materials	78,330	87,667	101,003
Apparel-Department Stores	763,959	758,767	779,212
C Stores and Gas Sales	107,959	111,220	132,065
All Business/Electricity	113,100	122,850	205,046
Furniture-Appliance-Electronics	12,631	13,881	16,455
Grocery Stores	152,688	180,909	167,370
Hotels/Motels	81,058	76,518	83,108
Liquor Sales	58,460	64,217	68,361
Manufacturing	11,171	14,011	33,188
Other Retail-All Other	548,647	584,884	772,039
Restaurants	218,657	217,353	251,050