City of Lamar Retail Sales Growth Holds Steady through 2023

 

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

Filed Under: Chamber of CommerceCity of LamarConsumer IssuesEconomyFeatured

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