Lamar Sales Tax Revenue, July 2012

July revenues for the City of Lamar from Sales and Use Tax collected in August were down 4.20% but showed a Year-to-Date gain of 5.23% from this time, compared to 2011.  The monthly difference was off $11,520, however the YTD gain was up $113,012 over last year. 

City Sales Tax was 2.46%, an increase of $6,149 between 2011 and 2012.  Use Tax for the same period was off 75.9% for a loss of $18,124.91.  Use Taxes, however, reflect specific projects or events and are not related to general retail sales revenue. 

Year to Date figures for the 12 general retail sales categories  for the past three years, January through August, are as follows: 

                                                2010                       2011                       2012 

Auto Parts                           87,684                   90,572                   100,450
Building Materials           69,896                   62,695                     74,299
Clothing/Shoes                 21,036                   21,704                     22,810
C Stores/Gas                       61,445                   68,183                     69,917
Department Stores        719,327                722,987                   743,465
Furniture/Appl                  19,001                   18,882                     17,996
Grocery Stores                 173,489                194,784                   184,436
Motels                                   74,987                   81,524                  105,351
Liquor Sales                         64,146                   66,151                   7 4,148
Manufacturing                      1,796                     5,299                       7,819
Other Retail                         30,220                   31,680                    31,350
Restaurants                        213,405                217,027                  228,239

 

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