City of Lamar Sales Tax Revenue Report-July 2023

Barbara Crimond | Sep 12, 2023 | Comments 0

The July 2023 Sales Tax Revenue report for Lamar showed a 3.49% increase for the month for a gain of $12,737 over the previous year. Monthly collections are $377,909 compared to $365,172 for 2022. Use Tax collections increased 7.76% and Other Collections were up 49.22%. Total Sales and Use Tax collections increased by 3.95% for a gain of $15,828 over the same period with 2023 collections at $416,353 compared to 2022 with $400,524.

Year to Date collections were up 4.67% for a gain of $140,626. Collections for 2023 are $3,150,313 compared to $3,009,687 for 2022. Use Tax collections increased by 18.11% for a gain of $45,289. Total Sales and Use Tax collections, year to date are up 5.72%. 2023 is at $3,470,175 compared to $3,282,383 for 2022.

The twelve retail sales categories show a drop in Building Materials, C-Stores and Gas Sales, Grocery Stores and Motels.

	2021	2022	2023
Auto Parts/Vehicle Repair	118,678	122,210	148,679
Building Materials	142,192	151,613	145,347
Apparel and Department Stores	890,813	901,451	1,004,017
C Stores and Fuel Sales	154,015	167,830	145,771
All Business-Electricity	228,941	195,767	189,820
Furniture-Appliances-Electronics	62,693	49,595	64,920
Grocery Stores	192,247	220,958	208,473
Hotels/Motels	100,502	122,828	109,174
Liquor Sales	78,579	82,448	87,954
Manufacturing	33,296	5,923	7,458
Other Retail/All Other	854,658	939,633	925,224
Restaurants	291,785	308,284	340,568