City of Lamar Sales Tax Revenue Report, January 2023

Barbara Crimond | Mar 14, 2023 | Comments 0

Sales tax revenue for the City of Lamar was 11.53% for January sales, collected this past February. The revenue gain was $34,891.79 with a loss of $8,222.42 for a 33.83% downturn in Use Tax collections. Total sales and Use Tax collections were up 8.24% for a gain of $27,135.57 with 2023 total collections at $356,487.49.

Year to date collections were up 5.54% for a gain over last year at this same time of $44,810.20. Use Tax collections were down 18.67% for a loss of $13,110.47 against 2022 and Total Sales and Use Tax collections were up 3.51% for an increase over last year of $31,379.39.

The various retail sales tax categories showed an increase in Building Materials and a drop in All Business/Electricity and Grocery Stores:

	2021	2022	2023
Auto Parts-Vehicle Repair	22,891	29,182	33,791
Building Materials	23,867	22,551	32,861
Apparel – Department Stores	232,226	229,142	253,094
C Stores and Gas Sales	35,977	38,441	34,176
All Business – Electricity	121,145	68,291	53,844
Furniture-Appliances-Electronics	4,959	8,433	7,424
Grocery Stores	49,981	69,371	51,203
Hotels – Motels	19,596	21,291	19,539
Liquor Sales	19,483	21,454	23,801
Manufacturing	7,359	4,970	4,486
Other Retail – All Other	265,392	292,715	292,686
Restaurants	61,145	72,735	75,261