City Sales Tax Report Posts Another Monthly Gain

Barbara Crimond | Aug 08, 2022 | Comments 0

The June, 2022 Lamar Tax Revenue collection report shows a 10.10% increase over the same time last year, with a gain of $38,241, putting total collections for the month at $416,781 compared to $378,540 in 2021. Use Tax collections were down 14.36% for a decrease of $5,846. Total Sales and Use Tax collections were up 8.05% for this period for a gain of $33,693 and the 2022 total was $452,290 compared to $418,596 for last year.

Year to Date also posted gains, albeit somewhat smaller percentages. City sale tax is up 6.56% for a gain over last year of $162,885. Total collections for 2022 are at $2,644,515. Use Tax collections were off 26.42% for a drop of $77,435. Total sales tax collections were up 2.45% putting YTD earnings at $2,881,858. Collections for 2021 at this point were $2,812,993.

Restaurants, building materials and other retail/all other collections posted gains out of the 12 various retail categories posted each month, while manufacturing and all business/electricity decreased.

	2020	2021	2022
Auto Parts-Vehicle Repair	92,680	98,469	105,060
Building Materials	87,667	101,003	117,421
Apparel-Department Stores	758,767	779,212	785,036
C-Stores and Gas Sales	111,220	132,065	142,733
All Business/Electricity	122,850	205,706	169,346
Furniture-Appliance-Electronics	13,881	16,455	17,467
Grocery Stores	180,909	167,370	194,131
Hotels/Motels	76,518	83,108	96,703
Liquor Sales	64,217	68,361	72,349
Manufacturing	14,011	33,188	5,837
Other Retail/All Other	471,514	659,017	701,747
Restaurants	217,353	251,050	267,881