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