Currency

A series exploring the highs and lows of Lafayette’s economy, providing critical commentary about what’s working and what’s not.

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COLUMN: LCG passes budget that solves nothing

Lafayette’s city and parish councils passed a compromise budget that doesn’t address any of the city’s or parish’s major budgetary problems.

Continue 8 min read

COLUMN: Guillory’s austerity is budgeting for an alternate reality

While Lafayette’s economic forecast isn’t bright, it’s not near as dark as the mayor-president has made it out to be. That means the City Council can avoid drastic cuts.

Continue 8 min read

COLUMN: The parish’s lose-lose proposition to raise taxes

Saying the parish should live within its means is one thing, but actually cutting millions from a threadbare budget is something else entirely. Parish government now faces the unenviable choice of raising taxes or cutting essential services.

Continue 7 min read

COLUMN: The troubling economics of fixing the Buchanan garage

The Buchanan garage is a dilapidated property on prime real estate Downtown that’s been condemned because of government neglect. While it’d be great to get it back into commerce, the economics of Mayor-President Guillory’s plan don’t add up and they risk the financial health of the courthouse and the jail.

Continue 5 min read

COLUMN: Lafayette’s top 10 unresolved budget issues

LCG’s budgetmaking process can be complicated in a normal year, and this is far from a normal year. Newly split councils, a mayor-president deadset on slashing budgets, and an uncertain economy has created a perfect storm for a tense budgetmaking process. As the councils round the corner on amending this budget, these are some of the top issues still to be resolved.

Continue 11 min read

COLUMN: Cutting quality of life services will backfire, hurting Lafayette’s economy for years to come

In order to be economically competitive as a city, Lafayette needs to offer quality of life amenities. In the rush to cut budgets, Mayor-President Guillory is putting the city’s quality of life at risk, reducing its ability to retain and attract people, especially young families.

Continue 10 min read

COLUMN: Parish government isn’t ‘living within its means’

Parish government has been on life support for years now. With the city’s finances now strained, it’s time for the parish to get serious about living within its means.

Continue 9 min read

COLUMN: How bad is the city’s fiscal emergency?

It’s not surprising that the decision to shutter widely used cultural and community facilities has sparked significant public outcry. But it’s a choice — not a necessity.

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COLUMN: The digital divide threatens education in Lafayette

As local public schools navigate the pandemic in their quest to reopen, the longstanding challenges associated with the digital divide in Lafayette are making things a lot more complicated. It’s hard to do distance learning when thousands of students can’t access the Internet.

Continue 7 min read
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Column: Lafayette’s economy needs a mask mandate now

Lafayette’s economy can’t get healthy if its people aren’t healthy. The only way to slow the spread of this coronavirus is to get 80-90% of people to wear masks or to shut the everything back down again. Faced with those options, Lafayette needs to do everything in its power to get people to wear masks, not just to save lives but to save our economy.

Continue 6 min read

COLUMN: Don’t let political theater distract you from LUS’s bigger problems

In the next couple of years, LUS has to make a series of huge decisions. But the issues that matter are getting drowned out by the political theater that’s been drummed up around potentially illegal payments from LUS to LUS Fiber. Lafayette can’t afford to get distracted.

Continue 9 min read

COLUMN: It’s time for Lafayette to take its housing crisis seriously

Lafayette is facing a severe housing crisis, with thousands of people at risk of losing their homes. This crisis started before the pandemic, but the coronavirus and its impact on our economy has just added fuel to a fire that’s now threatening to rage through our community.

Continue 6 min read