City of Lamar Sales Tax Revenue Report, August 2021

Barbara Crimond | Oct 12, 2021 | Comments 0

Sales Tax Revenue continues to grow for the City of Lamar as the end of summer report for August, 2021 shows City Sales Tax collections up 10.85% for a gain of $32,987 over the same time period last year. Collections for 2020 were $304,099 compared to this August at $337,086. Use Tax collections were up 8% for a gain of $2,319. Total Sales and Use Tax collections were up 10.31% for an increase of $34,506. 2020 collections were $334,582 compared to 2021 at $369,089.

Year to date postings show continued growth as well with City Sales Tax Revenue up 13.12% for a difference between the years by August at $369,460. 2020 posted $2,816,518 compared to 2021 with $3,185,978. Use Tax collections, YTD were up 47.18% for a gain of $117,946 compared to 2020 and Other Collections were up 149% for a gain of $27,634. Total Sales Tax collections were up 16.7% for a gain over 2020 at $515,040. Total taxes collected in 2020 were $3,084,994 compared to 2021 at $3,600,035.

The twelve retail sales categories show improvements in Building Materials, All Business/Electricity and Restaurants, while Grocery sales declined in tax revenue.

	2019	2020	2021
Auto Parts-Vehicle Repair	117,779	122,1955	131,697
Building Materials	105,241	116,090	139,397
Apparel-Department Stores	964,868	965,332	997,609
C Stores – Gas Sales	144,547	151,034	174,878
All Business-Electricity	157,761	168,563	255,031
Furn-Appliance-Electronics	15,047	16,271	19,517
Grocery Stores	195,359	230,090	216,536
Hotels-Motels	114,764	107,320	117,643
Manufacturing	11,273	14,116	33,391
Liquor Sales	76,485	83,412	88,026
Other Retail-All Other	694,629	742,662	993,185
Restaurants	292,078	287,331	333,51