Lower Use Tax Revenues Drop City Taxes in Monthly Update

Russ Baldwin | Apr 12, 2022 | Comments 0

Although the City of Lamar Sales Tax Revenues were up 11.84% over this time last year for a $32,783 gain, that increase was offset by the drop in Use Tax and Other Tax collections by 31.10% and 14.18% respectively for a decrease of $10,420. However, the overall performance for February was up 7.18% for this year at $22,363.

Year to Date gains were more shallow with City Sales Tax revenues at 8.31% for an improvement of last year of $85,820, but again, Use Tax collections, compared to last year, were off 40.64% for a drop of $63,551. Total YTD Sales and Use Tax collections were up 1.85% for a gain of $22,361 over the same time last year.

The twelve retail sales categories showed a mix of gains and losses comparing 2021 to 2022 for collections through March.

	2020	2021	2022
Auto Parts-Vehicle Repair	34,008	34,441	42,334
Building Materials	27,923	33,602	34,017
Apparel & Department Stores	302,937	321,243	322,214
C-Stores & Gas Sales	48,468	51,860	55,495
All Business/Electricity	54,952	138,253	89,444
Furniture-Appliances-Electronics	6,125	6,591	10,132
Grocery Stores	71,195	72,798	93,186
Hotels/Motels	30,771	26,899	32,277
Liquor Sales	25,784	27,251	29,198
Manufacturing	9,136	7,673	3,141
Other Retail/All Other	222,592	321,019	362,566
Restaurants	93,064	88,805	106,520