February 2024 Sales and Use Tax Report for City of Lamar – Gains showed over Previous Years

Barbara Crimond | Mar 19, 2024 | Comments 0

Sales tax revenue for the City of Lamar in January, 2024 and collected February of 2024 showed an increase of 9.98% ($371,191.53 in 2024 versus $337,523.15 in 2023 for a difference of $33,668.38. Use tax collected were up a sizable 117.57% in 2024, going from $16,084.16 in 2023 to this year’s $34,994.05, a gain of $18,909.89. Other collections, which include penalties, interest, licenses and A/R’s, gained 3.67% in 2024 for a difference of $105.73. 2023 numbers in this category were $2,880.18 compared to 2024’s $2,985.91. Total sales/use tax collections for January 2024 were up 14.78%, a difference of $52,684.00 from 2023’s $356,487.49 to this year’s $409,171.49.

Year to Date, city sales taxes collected are up 7.61%, increasing from $853,239.32 in 2023 to $918,143.77 for a difference of $64,904.45. Use tax collected rose 27.16%, from 2023’s $57,109.87 to this year’s $72,620.38, a gain of $15,510.51. Other collections showed the only decrease, of -3.78% for 2024’s $14,807.99 compared to 2023’s $15,389.71, a decrease of $581.72. Total sales/use tax collections showed an increase of 8.62%, or $79,833.24, from 2023’s $925,738.90 total to $1,005,572.14 in 2024.

The various retail taxes showed the largest gains in clothing/shoes, grocery stores, liquor stores, and all business/electricity. The only categories showing decreases were manufacturing and other retail/all other.

	2022	2023	2024
Auto parts/vehicle repair	$14,084.25	$15,752.17	$16,773.02
Building materials	$10,976.17	$21,592.72	$12,632.16
Apparel – Department Stores	$92,634.87	$99,836.37	$136,377.15
C-stores & gas sales	$18,301.37	$17,761.75	$26,454.21
All business – electricity	$21,008.57	$21,317.81	$44,806.58
Furniture – Appliances/Electronics	$4,155.69	$4,513.30	$5,705.82
Grocery Stores	$23,022.99	$22,984.14	$29,765.64
Hotels/Motels	$11,129.52	$9,214.02	$13,475.54
Liquor Sales	$7,781.00	$8,003.00	$10,200.00
Manufacturing	$1,391.72	$175.23	$159.84
Other retail – all other	$69,697.25	$82,745.18	$40,769.53
Restaurants	$33,437.27	$28,666.89	$35,230.52