City of Lamar Sales Tax Revenue Report – March 2023

City of Lamar Sales Tax revenue collected in February shows a 4.55% increase, or $14,081 gain over last year at this time.  Revenues for 2023 are at $323,839.56 compared to $309,758.53 for last year.  Use Tax collections are up 92.29% for a gain of $20,850 over last year and Total sales and Use Tax collections increased 10.5% over last year for a gain of $35,048.72.  Collections in 2022 were $333,688 compared to this year at $368,737.

Year to date financials show city sales tax revenues at 5.27% for a gain of $58,891.  Last year’s total at this time was $1,118,187 compared to the current figure of $1,177,078.  Use Tax collections were up 8.34% for a gain of $7,739 and Total Sales and Use Tax collections are up 5.41% for a gain of $66,428.  2022 collections this time last year were $1,228,048 compared to current figures of $1,294,476.

The twelve retail sales categories show a mix of gains and losses against last year with decreases in C-Stores and Gas Sales, All Business/Electricity, Grocery Stores and Hotels/Motels.  Gains were posted in Building Materials and Other Retail/All Other categories.