City Sales Tax Revenues on Continued Increase

The Lamar City Sales Tax revenue collected this past September shows a 5.85% gain, or $15,314 compared to this time last year. Total Sales and Use Tax collections were up 3.98% for the same period for a gain of $11,218.  Year to date collections show City Sales Tax revenue up 7.94% for a gain of $199,034.  Total Sales and Use Tax collections for this period gained 6.46% for a total of $177,677 year to date.  Year to date collections for 2014 were $2,748,983, compared to this year at $2,926,661.

The annual tax revenue report, collected January through October for the past three years, shows a decline in revenue in the Hotel/Motel category while the majority of retail categories show continued growth.