City of Lamar October Sales Tax Revenue Report

Sales tax revenues for the City of Lamar continued to maintain a healthy increase with the October 2021 report for taxes collected in November.

City Sales Tax Revenue was up 15.89% for a gain of $45,244 over the same time last year with 2021 collections at $329,925.  Use Tax Revenue was up a slight 4.63% and Other Collections was up 1,259% although that translated to an improvement of $1,267.  Total Sales and Use Tax collections was up 15.35% for a gain of $47,727 over the same period last year for a 2021 total of $358,739.

Year to Date collections held firm for substantial improvements with City Sales Tax Revenue up 13.18% for a gain of $452,316, year to date over 2020 with 2021 collections posted at $3,883,629.  Use Tax Collections for the same period were up 37.35% for a gain of $112,285, Other Collections were up 150.23% for a gain of $28,255 and Total Sales and Use Tax Collections, year to date, were up 15.87%.  That marks an improvement over this time last year of $596,857 in sales tax revenue.  Collections for 2021 were at $4,358,334 compared to $3,761,476 for 2020.

Four of the twelve sales tax categories post year to date improvements among others including C-Stores and Gas Sales, All Business/Electricity, Restaurants and Other Retail/All Other.