LEDA PRESS RELEASE
LAFAYETTE, La. - With more than $520 million in sales in November, 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.
Total taxable sales are up 3.9% in the City of Lafayette and 14.4% in unincorporated areas of the parish. Sales are also up in neighboring municipalities— Broussard (1.4%), Carencro (13.5%), Scott (2.3%), and Youngsville (6.5%). Sales in Duson 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.”
Within the City of Lafayette, year-to-date total sales are up in the food, general merchandise, auto, furniture, building materials, services, and miscellaneous/other categories— ranging from 17.2% to 0.5%. Apparel is down 1.9%.
Year-to-date Hotel/Motel receipts are up 4.7% compared to 2018 numbers.
Sales tax collection numbers are gathered by the Lafayette Parish School System.
