Lamar Sales Tax Revenue Staring 2022 with Gains

Russ Baldwin | Mar 15, 2022 | Comments 0

The City of Lamar Sales Tax Revenue report showed a monthly increase for January taxes with city sales tax revenue up 6.19% for an increase of $17,634 over 2021 at this time. Collections for 2022 are $302,631 compared to $284,996 for 2021. Total Sales and Use Tax collections were up 5.48% over last year for a gain of $17,122.

Year to date collections for the same period showed a 7.02% increase in City Sales Tax revenue for a gain of $53,036, putting current collections at $808,429. However, a shortfall on Use Tax collections of 43%. That $53,353 decrease compared to last year registered at zero percent increase for Total Sales and Use Tax collections which is currently $894,359.

The twelve retail sales and service categories listed by the city showed a decrease in Building Materials, Department Stores and All Business/Electricity sales with increases in Auto Parts, Restaurants and Groceries.

	2020	2021	2022
Auto Parts/Vehicle Repair	25,097	22,891	29,182
Building Materials	19,097	23,867	22,547
Apparel & Department Stores	209,393	232,226	229,142
C Stores & Gas Sales	31,882	35,977	38,441
All Business/Electricity	39,452	121,145	68,274
Furniture-Appliances-Electronics	5,141	4,959	8,433
Grocery Stores	45,292	49,981	69,371
Hotels/Motels	20,055	19,596	21,454
Liquor Sales	17,910	19,483	21,454
Manufacturing	8,589	7,359	4,970
Restaurants	61,482	61,145	72,735
Other Retail/All Other	171,039	265,067	292,106