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.