Lamar Sales Tax Continues YTD Climb
Russ Baldwin | Nov 14, 2012 | Comments 0
Although the combined monthly sales tax revenue report for the City of Lamar showed a 1.11% decrease for September, the Year to Date collections showed a 4.13% increase or $112,116.52 gain over 2011 revenue figures.
The 1.11% drop constitutes a $3,123.86 loss comparing September 2012 to 2011. Year to Date figures shows a 3.57% growth rate for general City Sales Tax and a 12.57% increase for Use Tax Collected for a gain of $89,746.58 and $23,864.90 gain, respectively. Other Collections category was off 12.12% for a drop of $1,494.96.
Four of the twelve Retail Sales categories showed Year to Date decreases. They were Furniture/Appliances/Electronics; Grocery Stores; Manufacturing and Other Retail. A comparison of last October’s figures compared to 2012 showed that only two categories posted increases; in Building Materials and Department Stores.
The Year to Date comparisons for the past three years are as follows:
2010 2011 2012
Auto Parts 113,100 117,694 123,027
Building Materials 86,545 78,139 93,444
Clothing & Shoes 26,901 27,940 28,707
C Stores & Gas Sales 80,739 86,409 87,863
Department Stores 884,339 895,825 917,675
Furniture 22,929 23,504 20,835
Grocery Stores 214,612 239,193 228,314
Motels 99,111 110,114 136,949
Liquor Sales 80,359 84,632 92,220
Manufacturing 2,015 9,805 8,125
Other Retail 37,361 39,095 37,781
Restaurants 272,137 273,510 286,409
Filed Under: Business • Chamber/Local Business • community • Economy • Featured • Lamar
About the Author:
