Lamar Sales Tax Posts Healthy Close for 2012
Russ Baldwin | Jan 16, 2013 | Comments 0
Lamar City Sales Tax revenue continued its upward momentum as 2012 closed out with a 5.96% gain on Total Sales and Use Tax collections for the month of November. Year to Date figures for combined Total Sales and Use Tax collections were also up with a 3.61% gain for a difference of $116,385.29 over 2011. Revenues for 2012 were at $3,343,747.12 compared to 2011 at $3,227,361.83. These figures are for November taxes collected in December 2012.
Three of twelve retail sales categories showed a year to date drop for taxes collected between January through December of 2012. The three that showed a decline in sales tax revenue were: Furniture/Appliance/Electronics; Manufacturing and Other Retail.
The following are dollar amounts for the twelve retail trade categories for the past three years:
2010 2011 2012
Auto Parts 135,064 140,676 145,481
Building Materials 104,473 94,204 113,245
Apparel 32,100 33,071 34,580
C Stores/Gas 98,150 103,520 104,691
Department Stores 1,065,990 1,082,964 1,101,763
Furniture 27,022 28,124 24,457
Groceries 255,448 296,978 285,243
Motels 115,992 133,702 160,513
Liquor/Bars 96,851 102,031 110,698
Manufacturing 2,273 10,071 8,192
Other Retail 43,240 46,318 44,328
Restaurants 324,482 326,324 339,553
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