Sales Tax Revenue Continues To Rise In Lafayette Parish
Apr 22, 2019 01:09PM
● By Press Release
With more than $464 million in sales in February 2019, year-to-date taxable sales have reached $952 million. Year-to-date sales are up 7.0% from 2018 and up 8.2% from 2017.
Total taxable sales are up in neighboring municipalities— Broussard (12.2%), Carencro (12.8%), Duson (14.3%), Scott (5.4%), and Youngsville (11.9%). Sales are also up 21.5% in unincorporated areas of the parish.
“Taxable sales have been on an upswing for the past two years, pointing to steady consumer confidence in the region,” says Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority. “When looking at taxable sales in relation to other indicators such as unemployment, home sales, and average weekly wage, Lafayette’s economy is showing strong signs of recovery. I encourage everyone to continue shopping local to support our retailers and our community.”
Within the City of Lafayette, total sales are up in the food, general merchandise, auto, furniture, and services categories— ranging from 15.6% to 1.3%. Apparel and miscellaneous/other are down— 2.8% and 1.1%, respectively.
*Sales tax collection numbers are gathered by the Lafayette Parish School System.