City of Lamar Sales Tax Revenue Report-August 2022

Barbara Crimond | Oct 11, 2022 | Comments 0

Sales Tax revenues for the City of Lamar increased by 11.09% this past August, up $37,397 from the previous year. Collections for 2022 are $374,483 compared to $337,086 for 2021. Use Tax collections were off 22.05% for that period, a decline of $6,900 in revenue. Total Sales tax and Use Tax collections were up 8.22% for a gain of $30,346 for that period with 2022 collections at $399,435 and $369,089 for 2021.

Year to Date collections is up 6.22% for a gain of $198,192 comparing August 2022 to 2021. Sales Tax revenues are $3,384,170 for 2022 and $3,185,978 for 2021. Use Tax collections dropped 25.38% for that period, down $93,385. Total Sales and Use Tax collections gained 2.27, year to date for an increase of $81,783. 2022 collections are at $3,681,819 compared to $3,600,035 for 2021.

The twelve sales tax categories show a drop for manufacturing and all business/electricity, but posted gains for building materials, restaurants and grocery stores.

	2020	2021	2022
Auto Parts-Vehicle Repair	122,195	131,697	138,508
Building Materials	116,090	139,772	149,365
Apparel-Department Stores	965,332	997,609	1,021,977
C Stores-Gas Sales	151,034	174,878	189,036
All Business-Electricity	168,563	255,115	224,265
Furniture-Appliance-Electronics	16,271	19,517	19,917
Grocery Stores	230,090	216,536	246,228
Hotels-Motels	107,320	117,643	129,832
Liquor Sales	83,412	88,026	92,139
Manufacturing	14,116	33,391	6,024
Other Retail	591,637	827,306	895,960
Restaurants	287,331	333,518	349,670