City of Lamar March 2023 Sales Tax Revenue Report

Barbara Crimond | May 09, 2023 | Comments 0

Sales tax revenue continued to gain for the City of Lamar, based on March 2023 sales, collected this past April. City sales tax was up 6.33% over the same time last year for a gain of $24,635 and Use tax collections were also up by 49.16% for a gain of $13,994. Total Sales and Use Tax collections were up 9.44% for an increase of $39,531 over last year’s figures. Total revenues for 2023 were $458,448 compared to $418,531.

The monthly year to date report shows an increase of 5.54% for city sales tax revenues, at $83,527, Use tax collections were up 17.92% for an increase of $21,734 and Other Collections were up 1,275.26% for a gain of $17,747. Total Sales and Use tax collections were $1,752,924 for 2023, compared to $1,629,914 for an increase of 7.55% over this same time last year. Vendor’s commissions were at $50,802 for 2023 compared to $49,506 for 2022.

The twelve sales tax revenue categories reported by the City of Lamar indicated a number of drops for such items as building materials, gas sales, grocery stores, motels and All Business/Electricity.

	2021	2022	2023
Auto Parts-Vehicle Repair	52,881	58,033	68,622
Building Materials	47,911	58,037	57,981
Apparel & Department Stores	439,033	419,660	474,305
C Stores and Gas Sales	67,919	77,172	67,364
All Business/Electricity	154,882	108,150	96,169
Furniture-Appliances-Electronics	9,885	13,117	11,326
Grocery Stores	95,698	117,472	105,501
Hotels-Motels	38,807	47,702	41,627
Liquor Sales	36,475	39,586	42,034
Manufacturing	9,366	4,534	5,724
Other Retail-All Other	468,815	509,445	496,507
Restaurants	129,379	147,170	158,845