City of Lamar, Sales Tax Revenue Report-August 2015

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Sales Tax Revenues continued to stay on the plus side through the summer with August Sales and Use Tax collections showing a 4.58% increase and a year to date growth of 6.75%. That translates to a $12,560 increase for August of 2015 compared to the same time last year and a $166,459 increase over last year for the year to date comparison. Total revenues for the year are $2,633,862 compared to 2014 of $2,467,402.

The 12 retail trade categories showed a strong tax revenue increase over last year with the exception of the Furniture/Appliances and Restaurant categories which remained flat and Motels which showed a downward trend over three years.

       2013    2014    2015
Auto Parts & Repair 105,897 100,341 115,294
Building Materials 81,343 76,988 81,427
Apparel/Dept Stores 869,096 805,717 812,570
C Stores & Gas 78,477 78,171 84,633
All Bus/Electricity 181,135 168,601 177,979
Furn/Appl/Elect 19,800 16,329 16,324
Grocery Stores 201,125 187,301 197,851
Motels 121,142 108,746 101,488
Liquor Stores 82,599 73,687 76,130
Manufacturing 34,495 3,899 8,812
Restaurants 266,728 249,593 250,833
Other Retail-All Other 604,905 463,196 549,838

 

Filed Under: BusinessChamber/Local BusinesscommunityEconomyEmploymentFeaturedLamarMedia ReleaseTransportation

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