City of Lamar Sales Tax Revenue Report:  October 2022

City of Lamar sales tax revenue climbed 8.75% or $28,871 for this past October, compared to 2021 figures.  Collections for this October were $358,797 compared to $329,925.  Use Tax collections were up 45.53% for a gain of $12,496 and Total Sales and Use Tax collections increased by 11.34% for a gain of $40,685 over the previous October.

Year to date collections were up 7.19% for City sales tax for an increase of $279,346.  Collections for 2022 are at $4,162,976 compared to $3,883,629 for 2021.  Use tax collections are down 19.80 for a loss of $84,654 and Other collections dropped 50.38% for a loss of $23,711, year to date.  Total sales and Use Tax collections were up 3.92% for a gain of $170,980 for the year with 2022 collections at $4,529,314 against $4,358,334 for 2021 at this time.

The 12 categories of sales tax revenue for the City of Lamar show a drop for All Business/Electricity with increases noted for Apparel and Department Stores, Building Materials and Auto Parts.