City of Lamar Retail Sales Growth Holds Steady through 2023

Barbara Crimond | Jan 23, 2024 | Comments 0

Retail sales tax collections for the City of Lamar showed signs of steady growth through the year with City Sales Taxes collected up 6.11% for a gain over last year of $21,536. Collections for November 2022 were $352,667 compared to this year at $374,204. Total Sales and Use Tax collections finished the month with a gain of 3.49% for $13,224 over last year. November 2022 collections were $378,701 compared to this November at $391,926.

Year to date collections also finished with a gain of 4.56 for a $206,087 increase between 2022 and 2023. City Sales Tax Revenue collections for 2022, YTD, were $4,515,643 against 2023 at $4,721,731. Use Tax collections were up 14.85% for a gain of $54,701 and Other Collections were up 23.34% for an increase of $5,617. Total Sales and Use Tax collections were up 5.43% which showed a gain of $266,407. Collections for 2022 are $4,908,015 and $5,174,422 for the current year.

The various retail sales tax revenue categories showed a drop in Building Materials and Grocery Stores while gains were made in Auto Parts/Vehicle Repair, C Stores and Gas Stations and Restaurants.

	2021	2022	2023
Auto Parts-Vehicle Repair	177,322	190,984	225,439
Building Materials	201,507	239,123	212,886
Apparel & Department Stores	1,314,134	1,372,722	1,549,134
C Stores & Gas Sales	233,924	245,900	267,508
All Business-Electricity	319,482	295,845	304,917
Furniture-Appliances-Electricity	83,540	72,924	85,181
Grocery Stores	289,454	342,376	318,706
Hotels-Motels	162,699	172,796	179,076
Liquor Sales	116,425	125,301	129,103
Manufacturing	38,959	7,722	9,329
Other Retail-All Other	974,188	1,078,073	1,040,636
Restaurants	445,489	463,270	513,047