City of Lamar Retail Sales Tax Revenue Report, October 2023

Barbara Crimond | Dec 12, 2023 | Comments 0

Retail sales tax revenue for October for the City of Lamar gained 4.62% for an increase of $16,588. Revenues for 2022 were $358,797 compared to 2023 at $375,385. Use Tax collections were off 17.18% for a drop of $6,862. Total Sales and Use Tax collections for October were up 3.75% for a gain over last year’s figures of $14,983 with 2022 collections at $399,424 and 2023 at $414,407.

Year to Date collections were up 4.43% for a gain of $184,550. Collections for 2022 were $4,162,976 while 2023 collections are $4,347,527. Use Tax collections, YTD gained 17.88% for an increase of $61,334. Total Sales and Use Tax collections were up 5.59% for $253,182. Year to Date collections for 2022 were $4,529,314 compared to 2023 at $4,782,496.

The retail sales and service categories showed an increase in Auto Parts and Repair while Building Materials declined on a year to date comparison, 2022 versus 2023. Grocery stores dropped while tax revenues on Restaurants increased.

	2021	2022	2023
Auto Parts-Vehicle Repair	162,930	174,266	209,265
Building Materials	186,201	222,384	193,807
Apparel and Department Stores	1,204,397	1,251,089	1,392,904
C Stores and Gas Sales	214,835	230,450	240,332
All Business-Electricity	302,073	276,317	278,336
Furniture-Appliances-Electronics	78,333	68.101	79,705
Grocery Stores	283,053	315,431	287,890
Hotels & Motels	149,939	160,261	167,269
Liquor Sales	107,411	115,928	119,765
Manufacturing	2,311	114.99	-$250.64
Other Retail-All Other	913,603	1,003,384	1,002,922
Restaurants	411,351	428,425	477,775