Lamar City Sales Tax Revenue Ending 2021 on Strong Note
Russ Baldwin | Jan 11, 2022 | Comments 0
The City of Lamar Sales Tax Revenue report showed a healthy finish to 2021 with city sales tax for November up 13.48% for a gain of $39,275.40 over the same period last year and Total Sales and Use Tax collections were up 17.51% for a gain of $55,244.53. Total collections were at $315,485.48 for 2020 and $370,730.01 for 2021.
Year to Date collections were up 13.21% for the 2021 year for a gain of $491,592.36. Use Tax collections were up 38.73% for a gain of $129,827.80. Other collections posted a gain of 161.53%, comparing 2021 to 2020 for added revenue of $30,682.14 and Total Sales and Use Tax collections were up 15.99% YTD for a gain of $652,102.30 over 2020. Collections for the year were $4,729,064.09 compared to $4,076,961.79 for 2020.
Grocery Store sales tax revenue fell off for 2021 compared to 2020 out of the 12 retail sales categories listed by the city. All others posted increases:
|
2019 | 2020 |
2021 |
Auto Parts-Vehicle Repair | 161,119 | 160,775 |
175,353 |
Building Materials |
139,999 | 154,746 | 180,952 |
Apparel and Dept Stores | 1,190,047 | 1,267,251 |
1,314,134 |
C-Stores & Gas Sales |
195,902 | 204,609 | 233,924 |
All Business/Electricity | 214,090 | 220,646 |
319,460 |
Furniture-Appliance-Electronics |
18,937 | 22,125 | 25,395 |
Grocery Stores | 272,816 | 316,230 |
308,066 |
Hotels/Motels |
152,952 | 148,893 | 162,699 |
Liquor Sales | 102,458 | 110,068 |
116,425 |
Manufacturing |
14,641 | 17,587 | 38,959 |
Other Retail/All Other | 723,520 | 764,848 |
1,045,106 |
Restaurants |
388,804 | 382,339 |
443,256 |
Filed Under: Chamber of Commerce • City of Lamar • Consumer Issues • Economy • Featured
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