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LEDA: Year to date sales in Lafayette down only 6.5 percent

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Posted at 5:31 PM, Aug 10, 2020
and last updated 2020-08-11 12:11:10-04

Taxable sales in the city of Lafayette for 2020 are only 6.5 percent lower than the same period in 2019, LEDA reports today. Taxable sales for the parish are in even better shape: only 3.7% lower than they were in 2018 - and higher than they were in 2018.

"With more than $562 million in estimated taxable sales in June, year-to-date sales in Lafayette Parish reached $2.98 billion—3.7% lower than 2019 and 0.82% higher than 2018. June estimated sales are the highest month on record for 2020," a report from LEDA states.

In the City of Lafayette, year-to-date estimated sales are down 6.5% compared to 2019; however, June 2020 to June 2019 sales are up 2.6%. Sales in Lafayette are up 17.5% from May 2020 to June 2020.

This report echoes some of the figures announced earlier today by City Council Chair Pat Lewis, who at the same time was critical of the administration's proposed budget - which assumes a 27 percent drop in sales taxes for the entire year. To read that story, click here.

Year-to-date estimated sales are down in Broussard (5.6%), Duson (11.1%), and Scott (4.5%) compared to 2019. Sales are up in Carencro (7.2%), Youngsville (8.6%), and unincorporated areas (12.7%).

Estimated taxable sales between May 2020 and June 2020 are up in municipalities across the parish: Broussard (2.9%), Carencro (6.1%), Duson (19.4%), Scott (13.2%), and Youngsville (9.9%). Sales are also up 15.1% in unincorporated areas.

“June’s increase in taxable sales shows the community is ready to support local retailers and service providers as the economy continues in Phase 2,” said Gregg Gothreaux, President and CEO of the Lafayette Economic Development Authority (LEDA). “As businesses reopen and rehire employees, we all need to follow guidelines that will allow these businesses to safely operate for their customers and their employees as we work toward Phase 3.”

Sales tax collection numbers are gathered by the Lafayette Parish School System. If you would like to examine their monthly reports for yourself, you can find them here: https://www.lpssonline.com/site5922.php