City of Lamar Sales Tax Revenue Report – November 2022

Russ Baldwin | Jan 10, 2023 | Comments 0

There was a 6.64% gain in City Sales tax revenue reported for a $21,969 increase over the 2021 report for a total of $352,667 for 2022 and $330,697 for 2021. Use Tax collections were off 32.35% for a drop of $12,104. Total Sales and Use tax collections for this period were up 2.15% for a modest gain of $7,971 over the previous November.

Year to date City Sales tax collections were up 7.15% for an increase of $301,316. 2022 collections were at $4,515,643 compared to 2021 at $4,214,327. Use Tax collections were down 20.81% for a loss of $96,759 against last year and Other collections were down 51.54% for a drop of $25,605. Total Sale and Use tax collections were up 3.78% for a gain of $178,951.

Here’s a three-year breakdown, YTD, of sales tax revenues over 12 categories:

	2020	2021	2022
Auto Parts-Vehicle Repair	160,775	175,353	188,581
Building Materials	154,746	180,952	201,883
Apparel and Department Stores	1,267,251	1,314,134	1,372,686
C Stores and Gas Sales	204,609	233,924	245,900
All Business/Electricity	220,646	319,460	295,730
Furniture-Appliances-Electronics	22,125	25,395	24,940
Grocery Stores	316,230	289,454	342,376
Hotels-Motels	148,893	162,699	172,796
Liquor Sales	110,068	116,425	125,301
Manufacturing	17,587	38,959	7,722
Other Retail-All Other	758,646	1,057,648	1,106,979
Restaurants	382,339	445,489	463,270