Lafayette Parish Sales Tax Collections Up for 2019
Sales tax collections for the month of November 2019 show a continued uptick in spending in Lafayette and most of the parish.
November had more than $520 million in sales, while year-to-date taxable sales have reached $5.73 billion.
Year-to-date sales are up 4.8% from 2018 and up 9.4% from 2017. In 2019, the past nine months had taxable sales over $500 million each month.
Things are trending nicely in the City of Lafayette with total taxable sales up 3.9%. But it's the unincorporated areas of the parish that are making hay, with those sales up 14.4%.
Sales are also up in neighboring municipalities -- Broussard (1.4%), Carencro (13.5%), Scott (2.3%), and Youngsville (6.5%). In Duson, however, sales are down 12.1%.
“Not only does shopping in local stores keep sales tax revenue in our community to support schools, infrastructure and safety, it also strengthens pride in our community and our business base,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority.
“LEDA’s forecasting model shows a strong end to the year with total taxable sales expected to reach $6.3 billion, which will put us at the second-highest total on record.”