Turnaround Noted in Lamar City Sales Tax Revenue
Russ Baldwin | May 13, 2015 | Comments 0
Tax Revenues collected by the City of Lamar for this past March have shown an overall increase. City sales tax is up 9.52% for a $26,935 gain over the same time last year. Use Tax and Other Tax collections, while traditionally smaller, noted a drop of about $14,000 combined, over the same period. Totaled, the increase is at 4.03% for a gain of $12,701. Collections for March 2015 are $328,119 compared to last year at $315,417.
Year to Date collections follow a similar trend with City Sales Tax at 6.68 for the year, a gain of $69,472 for a total of $1,109,331 for this year, compared to 2014 at $1,039,859. Combined collections, YTD, are at 4.75%. That’s $54,803 more than the same time last year. Year to Date totals are $1,207,526 for 2015 and $1,152,723 for 2014.
Gains were also noted in some areas of the retail category breakdown, comparing 2015 to 2014.
. 2013 2014 2015
Auto Parts/Repairs 44,910 42,984 47,862
Building Materials 31,814 28,411 25,949
Apparel/Dept Stores 398,311 364,647 360,418
C Stores/Gas 32,265 31,921 36,978
All Business/Electricity 75,375 74,989 83,600
Furn/Appl/Elec 10,123 9,414 9,268
Grocery Stores 90,280 82,838 90,898
Motels 42,827 35,562 36,357
Liquor/Bars 35,138 30,551 31,799
Manufacturing 23,050 2,249 5,030
Other Retail 19,104 18,977 29,487
Restaurants 285,840 241,121 278,584
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