October taxable sales report released

Posted at 8:53 AM, Dec 08, 2020

LAFAYETTE, La — With more than $569 million in estimated taxable sales in October, year-to-date sales in Lafayette Parish reached $5.21 billion-0.12% lower than 2019 but 5.09% higher than 2018. Parish-wide, sales have increased by 27.9% compared to the low in April 2020.

In the City of Lafayette, year-to-date estimated sales are down 2.10% compared to 2019; however, sales are up 33.1% from the low in April 2020.

Year-to-date estimated sales are up in Carencro (10.8%), Scott (0.3%), Youngsville (8.5%), and unincorporated areas (10.6%) compared to 2019. Sales are down in Broussard (4.0%) and Duson (0.6%).

Comparing April 2020 to October 2020, estimated taxable sales are up in Broussard (11.3%), Carencro (17.6%), Scott (15.6%), Duson (1.9%), Youngsville (20.2%), and unincorporated areas (26.1%).

"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 $1 billion in sales expected in November and December, which would put us at the third-highest total on record."

Sales tax collection numbers are gathered by the Lafayette Parish School System.