Slow Gains for Lamar City Sales Tax Revenue

Municipal Offices in Lamar

Sales tax revenue for the City of Lamar had a 0.32% gain for the month of March 2022 with an increase of $1,235 in revenues compared to last year at this time.  Tax revenue collected for the month was $389,059.  Total Sales and Use Tax collections was off 0.5% for the same period with $418,916 collected for the same period.  Use Tax collections were off 19.42% and Other Collections were down 164.85% from last year at $1,391.  City Clerk, Linda Williams, told the city council that several revenue payments were received later than usual which would have presented a healthier tax report.

Year to Date collections showed a slight overall increase at 6.13% for City Sales Tax revenues of $87,055.  YTD for 2022 is $1,507,246 compared to 2021 at $1,420,191.  Use Tax collections were down 36.73% for a drop of $70,409 and Total Sales and Use Tax collections were up 1.11% for a total of $1,646,964, a gain of $18,130 from the previous year.

Sales tax revenue from Building Materials, C Stores and Gas Sales, Grocery Stores and Restaurants showed an increase over this time last year, while there was a drop in Department Stores, All Business-Electricity and Manufacturing.